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Sally Ho's Technical Analysis 14 March 2020 BTC ETH

Bitcoin (BTC/USD) gained ground early in today’s Asian session as the pair climbed higher to the 5449.99 level after trading as low as the 3858.00 area during yesterday’s Asian session.  The price activity represented the pair’s weakest level since March 2019 and occurred after traders elected Stops below a wide range of price levels during the massive depreciation and decoupling from risk.  These price levels included the 7793, 7417, 7265, 6993, 6613, 6468, 6345, 5619, 5558, 5329, and 4509 levels.  During the pair’s modest recovery, the pair as high gained ground to the 5885 level, came off to the 4696.55...

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Is This The End For Bitcoin? 

The big crash finally happened. Bitcoin lost more than 50% in its value in the past 48 hours and a lot of altcoins crashed even more aggressively. This explains how we can never be complacent in a market like this and we should always be on our toes. Previously when the oil market crashed and prices declined more than 30% in a day, I specifically said that there is no reason to think that this cannot happen in the cryptocurrency market. I was surprised that it happened this fast but I was definitely prepared for it. Now, to a lot...

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Sally Ho's Technical Analysis 13 March 2020 BTC ETH

Bitcoin (BTC/USD) extended its seismic losses early in today’s Asian session as the pair traded as low as the 5555.65 area following a massive decline that commenced from the 7987.97 area during yesterday’s Asian session.  Major Stops were elected during the severe downturn, including below the 7289.55 area, a downside price objective related to recent selling pressure from the 9214.66 area.   Significant additional Stops were triggered below the 7097, 6702, 6287, and 5522 areas during the acute move lower.  Traders continue to evaluate the ongoing volatility in price activity wondering where a price floor may emerge.  This recent relative low...

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Bitcoin (BTC) Halving Finally Complete 

Bitcoin halving seems almost complete as the price has successfully halved from $10.5k to $5.7k. However, most of the traders that were waiting for halving are all of a sudden not heard of anymore. So, this recent crash was pretty brutal and I have to admit it exceeded my expectations. I would not have imagined BTC/USD crashing below $6.7k in just one day, but most of you who follow my analyses would know that I have been short on the market. I repeatedly said how it was not over yet and when the market makers and whales kept on pumping...

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Sally Ho's Technical Analysis 12 March 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 7987.97 area after trading as low as the 7583.27 area during yesterday’s North American session, just above the 23.6% retracement of the move from 10950.57 to 6531.91.  The recent dramatic depreciation in the market has refocused attention on some longer-term trading ranges and the impacts that they could possibly have on price activity.  The importance of many of these levels was reaffirmed during the depreciation in the second half of last year, and subsequent appreciation to multi-month highs over the past few months.  One...

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