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Ethereum (ETH) Can Still Shoot Past $300 Before Halving 

Ethereum (ETH) could shoot towards $300 and higher before the next halving. This sounds completely ludicrous to most traders at the point but then again, most people are often wrong. It is only a very small percentage of people in financial markets that consistently generate profits from trading or investing. The daily chart for ETH/USD shows that the price declined close to the 38.2%. It did not test that level on the Bitmex exchange but the strong bounce from there tells us that it tested that level as a strong support and could now see a move to the upside...

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Bitcoin Bulls Have No Reason To Worry Yet

Bitcoin continued to trade in the red which has a lot of traders very concerned. We can see that there is a lot of fear in the market after the recent decline. The Fear and Greed Index turned from “Greed” to “Neutral” and a lot of traders are now looking at the US Marshalls Bitcoin auction as another catalyst that could bring the price down. In my opinion that is already priced into the recent movement in BTC/USD that saw the price crash these past two days. However, that does not change the fact that many retail bulls are panicking...

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Bitcoin Dominance Breakout Fails, Altcoins Still Likely To Rally 

In any financial market, greed works but not as good as fear. This is why they say, “bulls go up the stairs but bears go out the window”. The US Marshal’s auction of 4,000 BTC has the market extremely concerned as to what could happen next. Most of the traders that were super bullish the past few days are now super bearish expecting BTC/USD to decline down to $8.5k and $6k. Meanwhile, we saw two big spikes on Bitcoin dominance (BTC.D) which induced more fear into the market. A lot of traders know that Bitcoin dominance (BTC.D) has to reverse...

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Sally Ho's Technical Analysis 18 February 2020 BTC ETH

Bitcoin (BTC/USD) notched some gains early in today’s Asian session as the pair traded as high as the 9729.73 level after trading as low as the 9467.00 area during yesterday’s North American session.  Traders pushed the pair to the 10004.63 level during yesterday’s Asian session before selling pressure emerged to knock the pair back below the 9500.00 level.  The pair’s pullback below the psychologically-important 10000 figure late last week shifted some market bias, with some traders expecting the market could enter a period of consolidation.  The inability of BTC/USD to pierce the psychologically-important 11000 figure shifted some market sentiment to...

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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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