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Ethereum (ETH) Risks Losing More Ground Against Bitcoin (BTC)

Ethereum (ETH) risks losing more ground against Bitcoin (BTC). This has not happened for the first time but we can see on the daily chart for ETH/BTC that since September, 2019 Ethereum (ETH) has been waiting for a big decision. Now, it seems to be at a point where it is ready to make that decision and decline below the symmetrical triangle. The reason we expect a decline to the downside is because the price has failed to break effectively past the 200-day moving average. It is still trading above the 200-day moving average but we are seeing a loss...

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Bitcoin Is At A Key Decision Point 

Bitcoin started the day in green and shot past the key resistance level it had been struggling with to give traders the false idea that the market was about to flip bullish. However, what ended happening instead was that the price retraced even lower and is now trading in the red. So, what is going on? Well, we know now that the price has lost the bullish momentum to break past this strong resistance zone. It is also important to remember that the price could not do this even during the manipulated pump of October, 2019 which saw BTC/USD rally...

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How The Next Stock Market Crash Could Affect Bitcoin (BTC)

Bitcoin (BTC) is about to make its next big move but it couldn’t do that over the weekend. The reason it couldn’t do that is because BTC/USD still looks up to major financial markets like the stock market and the currency market to decide what to do next. In fact, it is the whales that decide what to do next but they need to look at the outlook of larger markets to make that decision. At the moment, the Dow Jones Industrial Average (DJI) has shown some signs of weakness. The decline was accelerated by uncertainty around the Coronavirus. We...

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Sally Ho's Technical Analysis 3 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair strengthened to the 9463.09 area after trading as low as the 9140.00 area during yesterday’s Asian session.  Price activity over the past couple of weeks has seen buying pressure emerge around the 8216.71 level, leading to traders electing Stops above the 9033.60 and 9071.18 levels, both of which represent upside price objectives related to the 18 December low of 6430.00.  Additional Stops were triggered above the 9011.90 and 9047.03 areas during the pair’s recent move higher, levels that relate to another recent relative low around the 7963.25 area.  Prior...

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Sally Ho's Technical Analysis 2 February 2020 BTC ETH

Bitcoin (BTC/USD) gained moderate ground early in today’s Asian session as the pair was lifted to the 9367.27 area after trading as high as the 9458.08 area during yesterday’s North American session.  The pair has recently traded above the psychologically-important 9000 level for the second time this year as traders last week again tested selling pressure around the 9188 area.  As BTC/USD has inched closer to the psychologically-important 10000 figure, traders and chartists have been paying closer attention to areas of technical significance, including the 9271.47 area that represents 38.2% retracement of the 13868.44 – 6430.00 range. The next upside...

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