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BTC/USD Fades Below 6500: Sally Ho's Technical Analysis 28 March 2020 BTC

Bitcoin (BTC/USD) gained marginal ground early in today’s Asian session as the pair climbed higher to the 6710.45 area after finding buying pressure around the 6585.00 area during yesterday’s North American session.   Traders had pushed the pair as high as the 6880.00 level during yesterday’s Asian session before selling pressure knocked BTC/USD lower.  The pair has recently appreciated after trading as low as the 3858.00 level on 13 March, with traders curious when the market will exhibit the strength to once again cross the psychologically-important 7000 figure.   Traders have recently tested the level twice recently, pushing the pair as high...

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ETH/USD Again Fails to Break 142.85: Sally Ho's Technical Analysis 27 March 2020 ETH

Ethereum (ETH/USD) improved in today’s North American session as the pair moved higher to the 137.67 area after bids emerged around the 134.66 level earlier in today’s North American session.   Selling pressure around the 142.50 level capped the pair’s gains earlier today during the Asian session.  A couple of upside price objectives that traders continue to monitor include the 142.85 and 144.05 areas, both of which have served as technical resistance in recent days and are related to upside buying pressure that commenced around the 90.00 level.   Below the market, chartists are keeping their eyes on the 122.00 area, a...

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Why Bitcoin Has Not Bottomed Yet

The price of Bitcoin is primed for the next big decline, but this is not just about Bitcoin. The US has just surpassed China in the highest number of confirmed Coronavirus cases. This is an important development and it means that we may now be looking at the beginning of another downtrend in the S&P 500 (SPX) which could once again put financial markets under pressure. The 4H chart for BTC/USD shows that the cryptocurrency market has plenty of room to decline. In fact, at this point it would not be surprising to see it decline even below $3k near-term....

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BTC/USD Eyes 6800 Level in Early Asian Trading: Sally Ho's Technical Analysis 27 March 2020 BTC

Bitcoin (BTC/USD) remained confined to a tight range early in today’s Asian session as the pair traded as low as the 6520.13 level during yesterday’s North American session after trading as high as the 6795.00 area during yesterday’s Asian session.  The pair has recently appreciated after trading as low as the 3858.00 level on 13 March, with traders curious when the market will exhibit the strength to once again cross the psychologically-important 7000 figure.  Traders have recently tested the level twice recently, pushing the pair as high as the 6990 and 6983 levels in recent trading sessions.  Some additional Stops...

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ETH/USD Finds Upside Momentum in Late Trading: Sally Ho's Technical Analysis 26 March 2020 ETH

Ethereum (ETH/USD) encountered light buying pressure in today’s North American session as the pair was lifted to the 136.78 level after bids emerged around the 132.50 area during today’s Asian session with more buying power evident around the 133.52 level earlier during today’s North American session. Market sentiment appears to be relatively stable at present, as traders have been unable to push the pair too far above the psychologically-important 150.00 figure following the pair’s recent low around the 90.00 area.  The pair peaked around the 154.00 area on 20 March, and has since traded as low as the 115.51 level...

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