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Sally Ho's Technical Analysis 31 December 2019 BTC ETH

Bitcoin (BTC/USD) gained ground early in today’s Asian session as the pair was lifted to the 7259.65 area after trading as low as the 7200.00 level during yesterday’s European session.  The pair had traded as high as the 7531.00 area during Sunday’s North American session before coming off.  Traders are curious to see at what price the pair will finish the year, having opened 2019 with a print around 3681.81.  The year’s high price was 13868.44 in late June and since then, the market has traded as low as the 6430.00 area, a print from earlier this month.  Even though...

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Ethereum (ETH) Bulls Are Fighting A Losing Battle

Ethereum has yet to make a big decision against Bitcoin.  The daily chart for ETH/BTC shows that the price is likely to decline further now that it has run into the 21 Day exponential moving average and faced a rejection.  The pair has yet to break out of the large symmetrical triangle that it is trading in. However, the outlook now remains bearish and it is likely that we might see a break to the down side below the symmetrical triangle. This would be a way to bearish development for Ethereum that could mean that altcoins would lose a lot...

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Bitcoin Inches Closer To The Next Big Crash

Bitcoin made quite an impressive move the upside yesterday but as we can see right here on the 4H chart for BTC/USD the move was erased and the price has declined to back where it was when we posted an analysis about this liquidity hunt. We pointed to the strong probability of the price rallying above $7,400 to shake out more stops.  It finally happened and the price rallied not just above $7,400 but also above the $7,500 level before it started to decline.  We can now see that the liquidity hunt is complete and the price is ready to decline further...

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Bitcoin (BTC) Declines Below $7.4k After A Short-lived Pump

Bitcoin (BTC) has now started to decline after a liquidity hunt above $7,400.  We pointed to this well before it happened and warned against being bullish at that point.  Now the price ended up rallying as high as 7522 before it started to decline erasing that whole move to the upside.  As long as the price remains above the 7189 level there's still the possibility of another liquidity hunt considering BTC/USD did not test the 38.2% fib retracement level yesterday.  It is pertinent to note that the price does not have to touch that level again but a rejection at that level would have...

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Sally Ho's Technical Analysis 30 December 2019 BTC ETH

Bitcoin (BTC/USD) was a little stronger early in today’s Asian session as the pair gained ground to the 7366.00 area, having traded as high as the 7531.00 area during yesterday’s North American session. Traders wait to see how the pair will react around some important technical levels, including the 7343.17 area that traders tested during Saturday’s Asian session, representing the 61.8% retracement of the move from 9948.12 to 3128.89.  Also, last week’s late-week surge to the 7432.10 level stopped just short of testing the 7446.16 area, representing the 61.8% retracement of the move from 7688.99 – 7053.32.  Notably, the 50-bar...

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