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Sally Ho's Technical Analysis 14 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 10262.35 area after trading as low as the 10083.10 area during yesterday’s European session.  Notably, the pair moved higher to test the 10522.51 area during yesterday’s North American session, a fresh multi-month high.  After peaking around the psychologically-important 10500 level early in yesterday’s European session, traders quickly booked profits and drove the pair lower to the 10083.10 level, testing the 100-bar MA (4-hourly) and just above the 10064.04 area that represents the 38.2% retracement of the depreciation from 13868.44 to 7712.45.  Traders are curious...

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Ripple (XRP) Gains While The Crypto Market Bleeds But Can It Do That For Long?

Ripple (XRP) all set to make a big move up ahead but it is surprising to see the cryptocurrency defy gravity and keep shooting up while the rest of the market is going down. Both BTC/USD and ETH/USD were down earlier today but XRP/USD continued to maintain its uptrend. We can now see the pair at a decision point as it has just broken past the fib circle as well as the pitchfork. It remains to be seen whether it can find support on top of the pitchfork or decline further but one thing is clear. If XRP/USD declines again,...

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Is This The Most Brutal Bitcoin Bull Trap Ever? 

Bitcoin is down, Ethereum is down but Ripple is up which is why we want to talk about XRP/USD first. The price action shows that the cryptocurrency made a big move to the upside when it broke past the fib ring seen on the daily chart. Even though most of that move has now seen a major retracement, XRP is still up against Bitcoin and Ethereum both. While BTC/USD remains sideways, most altcoins have been making moves of their own and that is exactly what the big players in this market want. They want everyone to believe that we are...

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Bitcoin (BTC) Is Running Out Of Time To Sustain Bullish Momentum 

Bitcoin (BTC) is running out of time to sustain its bullish momentum. It has declined close to 2% for the day but it is likely to trade sideways for a while. The game plan seems to be the whales and market makers encouraging retail traders to go for altcoins, not Bitcoin (BTC). They want them to bag their favorite altcoins just before the beginning of a major downtrend. The daily chart for BTC/USD shows that Bitcoin (BTC) is running out of room and will soon have to begin the next downtrend. The fib time zone shows the price breaking past...

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Sally Ho's Technical Analysis 13 February 2020 BTC ETH

Bitcoin (BTC/USD) extended recent gains early in today’s Asian session as the pair traded as high as the 10392.99 area after finding technical support around the 10250.00 area during yesterday’s European session.  Traders remain curious to see if the pair will be able to reclaim the 11000 figure, a level that has eluded the pair for several months.  The key upside price objective that was closest to that recent high is the 10472.26 area, a level with a technical significance that became relevant after buying demand emerged around the 9078.05 area during the pair’s ascent.  The next downside price objective...

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