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BTC/USD Circling 10493.30 Like a Hawk: Sally Ho's Technical Analysis 23 September 2020 BTC

Bitcoin (BTC/USD) sought to reclaim some recent lost ground early in today’s Asian session as the pair pushed higher after trading as low as the 10180 area earlier this week.  Technical support emerged around the 10364.86 area during yesterday’s European and North American sessions, right around the 38.2% retracement of the historical appreciating range from 4680.65 to 13878.40.  Notably, this technical support was also right around the 10354.65 area, representing the 23.6% retracement of the recent depreciating range from 12086 to 9819.83.  Chartists are noting that the 200-bar 4-hourly simple moving average has bearishly crossed above the 100-bar 4-hourly simple moving average...

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Can ETH/USD Hold Technical Support Around 335.70? Sally Ho's Technical Analysis 22 September 2020 ETH

Ethereum (ETH/USD) continued to trade sideways early in today’s North American session as the pair appreciated to the 344.52 area after trading as low as the 335.57 area during the European session, right around the 50% retracement of the recent appreciation from 310.79 to 360.61.  Thereafter, ETH/USD has orbited the 341.58 area, representing the 38.2% retracement of the same appreciating range.  Some larger Stops were recently elected below the 366.31 area, a level that represents the 38.2% retracement of the recent depreciating range from 384.61 to 355.00.  Chartists are observing that the 200-bar 4-hourly simple moving average has bearishly crossed...

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BTC/USD Extends Pullback Away from 11000: Sally Ho's Technical Analysis 22 September 2020 BTC

Bitcoin (BTC/USD) backed away from the 11000 figure early in today’s Asian session as the pair weakened after encountering selling pressure around the 10994.00 area during yesterday’s Asian session, trading as low as the 10180.00 area. Stops were elected below the 10802.42 area during the sharp pullback, right around the 200-hour simple moving average.  Some buying pressure finally emerged around the 10562.09 area after Stops were elected below the 10580.50 area, a level that represents the 50% retracement of the recent appreciating range from 10211.00 to 10950.00.   Also, this area was just above the 10550.58 area that represents the 61.8% retracement of...

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ETH/USD Falls Sharply to 348.85 Support: Sally Ho's Technical Analysis 21 September 2020 ETH

Ethereum (ETH/USD) weakened sharply early in today’s North American session as the pair depreciated to the 348.25 area after trading as high as the 376.76 area during the Asian session, just above the 61.8% retracement of the recent depreciation from 390.41 to 353.72.  Some larger Stops were elected below the 366.31 area during the move lower in the European session, a level that represents the 38.2% retracement of the recent depreciating range from 384.61 to 355.00.  Some upside pressure finally emerged just below the 348.85 level during the North American session, an area that represents the 23.6% retracement of a...

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BTC/USD Looking Defensive with 11000 in Jeopardy: Sally Ho's Technical Analysis 21 September 2020

Bitcoin (BTC/USD) continued to orbit the 11000 figure early in today’s Asian session as the pair gave back recent gains that saw it propelled higher to the 11179.90 area, a move that saw Stops elected above the 11153.22 area, representing the 50% retracement of the recent depreciating range from 12486.61 to 9819.83.  The next upside levels in this range include the 11467.90 and 11857.25 areas.  Additional upside levels that are being closely watched include the 11220.32 and 11551.18 areas, and Stops are likely in place above these areas.  Traders are observing that BTC/USD has recently been trading between the 200-bar 4-hourly simple...

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