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Ethereum (ETH) Dominance Runs Into Strong Resistance, Eyes Further Downside 

Ethereum (ETH) dominance broke out of a key symmetrical triangle to begin a strong downtrend. However, in mid-January we saw it attempt to rally higher and so it embarked upon an uptrend. Now, we have finally seen it reach a decision point. The 4H chart for Ethereum Dominance (ETH.D) shows that it has run into the trend line support turned resistance that it previously broke below. This is an important decision point for Ethereum (ETH) and it will determine which way the cryptocurrency swings in the weeks and months ahead. It will also determine the outlook of the altcoin market...

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Here’s What The Next Bitcoin (BTC) Downtrend Might Look Like 

Bitcoin (BTC) has run into resistance at the $9.5k level. This is a strong resistance zone that the price was very unlikely to breach. We have seen BTC/USD decline towards $9k now but it could still try to retest the $9.5k mark or even rally slightly higher than that again to mislead retail traders. However, the point is we have now seen the writing on the wall and it is quite clear to see what might happen next. If we compare the current cycle with the previous one, we can see that the price is not at the June-July part...

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Sally Ho's Technical Analysis 4 February 2020 BTC ETH

Bitcoin (BTC/USD) depreciated early in today’s Asian session as the pair weakened to the 9280.00 area during yesterday’s North American session after trading as high as the 9619.95 area during yesterday’s Asian session.  The pair’s recent appreciation has seen it get back above the 8447.58 and 8590.41 areas, representing the 23.6% and 38.2% retracements of the recent depreciation from 9194.99 to 8216.71.  Thereafter, Stops were elected above the 8705.85 area, representing the 50% retracement of the same range.  Given the pair’s recent climb, traders are evaluating BTC/USD’s trading activity within the context of some wider historical ranges. One of those...

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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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