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Ethereum (ETH) May Be One Rally Away From The Next Major Downtrend 

Ethereum (ETH) has crashed hard these past 48 hours. It could crash even further in the next few days. However, it is likely to find some sort of support on the 38.2% fb retracement level and rally one more time before the next downtrend kicks in. The parabolic uptrend that we see on the daily chart for ETH/USD has yet to be broken despite the recent pullback. This means that we could see Ethereum (ETH) rise towards $300 in the near future as unlikely as it may seem. Big moves like these in a market are never to be trusted...

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Bitcoin Can Still Rally Past $11,700

The market has finally crashed hard these past two days. Bitcoin (BTC) is trading well below $9.7k and eyes further downside. Bitcoin CME Futures started the day in red and have the potential to decline even lower. That being said, there is now a big gap to the upside that has to be filled. Now, it might be surprising to a lot of you that I am talking about a rally towards $11,700 when the market is crashing considering that I keep on talking about a crash all the time and some of you might even say that I am...

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Bitcoin (BTC) Finally Crashes Hard Below $10k But It May Not Be Over Yet 

Bitcoin (BTC) has finally crashed below the rising wedge and we are now seeing it decline down to the $9.5k zone. Whether or not it can hold that level remains to be seen but this certainly does not appear to be the end of the bullish advance. As we have discussed before, the bullish advance that we have seen recently comprised mostly of manipulation. The same is the case with this recent decline. All such big moves are cases of manipulation which should be approached with extreme caution. These extreme moves are meant to strongly influence market sentiment at a...

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Sally Ho's Technical Analysis 17 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair climbed to the 9797.18 level after trading as low as the 9612.12 area during yesterday’s North American session.  The pair peaked around the 10048.34 level during yesterday’s Asian session, down from the 10400.00 level area during Saturday’s Asian session.  Market sentiment remains bullish for many traders as the pair has recently traded above the psychologically-important 10000 figure, but BTC/USD’s ability to score additional gains above this area is being closely evaluated to determine if the recent climb has staying power and sustainability.  The market’s most immediate barometer of upside...

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Sally Ho's Technical Analysis 16 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair gained ground to the 9945.00 area after being driven lower to the 9750.00 area during yesterday’s North American session.  Stops were triggered below the 9978.34 area during the move lower, representing the 23.6% retracement of the appreciation from 8216.71 to 10522.51, with more triggered below the 9849.55 area, representing the 23.6% retracement of the 6430.00 – 10522.51 range.  After trading above the 10500 level last week, the pair depreciated back below the 10200 area as traders booked profits, leading to some additional speculation the pair might be unable to...

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