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Bitcoin (BTC) To Make Its Most Important Move Since 2015 This Year 

Bitcoin (BTC) has seen many ups and downs lately but it has yet to see a decisive move that would set it on its course for the weeks and months ahead. This time, that move is going to be the most important move BTC/USD makes since 2015. We can see on the monthly chart that this is going to be an extraordinary development. When the price breaks out of the symmetrical triangle, it will have to either shoot up to begin a new bullish cycle or it will have to crash to prolong the ongoing bear market. In case of...

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Sally Ho's Technical Analysis 27 January 2020 LTC BCH

Litecoin (LTC/USD) appreciated early in today’s Asian session as the pair was lifted to the 57.11 area after buying pressure emerged around the 55.54 level during yesterday’s European session.  Selling pressure last week saw offers emerge around the 62.50 area and drive the pair lower to the 50.63 area, its weakest level since 13 January.  Decent Stops were elected below the 54.61 area, representing the 61.8% retracement of the move from 66.19 to 35.88.  Additional Stops were then triggered below the 51.04 area, representing the 50% retracement of the move from 66.19 to 35.88.  Also, Stops were reached below the...

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Sally Ho's Technical Analysis 26 January 2020 BTC ETH

Bitcoin (BTC/USD) rallied slightly early in today’s Asian session as the pair pushed higher to the 8346.97 area after bids emerged around the 8252.73 area during yesterday’s Asian session.  The pair’s recent move higher ran out of steam around the 8509.99 level, just below the 8522.91 area which is a technically-significant area related to the move higher from the 6430.00 area earlier this month.  The next downside level of technical support in this particular range is the 7723.00 area and the next upside level of technical resistance in this particular range is the 9169.41 area.  The technical significance of this...

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Sally Ho's Technical Analysis 25 January 2020 BTC ETH

Bitcoin (BTC/USD) rallied early in today’s Asian session as the pair escalated higher to the 8500.00 figure after trading as low as the 8216.71 area during yesterday’s European session.  Yesterday’s intraday low was right around the 8219.84 area that represents the 38.2% retracement of the move from 10950.57 to 6531.91.  After testing the 8590.11 area on Thursday, the pair steadily declined to the 8278.00 area after Stops were elected below the 8338.78 area, representing the 76.4% retracement of the move from 9948.12 to 3128.89.  Chartists have observed that the 200-bar MA (hourly) has recently bearishly moved above the 50-bar MA...

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Altcoin Dominance Has Room To Rise Before The Next Decline In Ethereum (ETH) 

Ethereum (ETH) is down a lot more than Bitcoin (BTC) for the day and risks further downside. However, now that the mainstream media is all bearish on cryptocurrencies near term, as contrarians, it is time that we look at the opposite side of things. The daily chart for Altcoin dominance (Others.D) shows that it is trading within a bearish pennant that has previously led to significant further downside. Now, there is no denying that the same could happen once again. However, before it does, altcoins may still have limited room to rally. It is important to note that this should...

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