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Can Ethereum (ETH) Still Rally Towards $147.65 Despite Recent Bearishness?

Ethereum (ETH) declined sharply down to the 61.8% fib level but it ended up falling much further. Just when everyone expected it to decline further a few hidden buy orders worth millions of dollars saved the market again and we saw ETH/USD bounce strongly following the lead of Bitcoin (BTC). We now have a situation where the price is trading within a symmetrical triangle, it has tested the bottom of it and we now have to wait and see what happens next. The most probable scenario is that we might see the price rally higher to test the top of...

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Sally Ho's Technical Analysis 15 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair fell to the 7006.01 area after trading as high as the 7264.33 level during yesterday’s European session.  Traders are awaiting the next major cues from market developments to adjust their market biases.  The market has recently traded around the 7084.98 area, a very important technical area that represents the 23.6% retracement of the move from 19891.99 to 3128.89.  Traders were able to elect Stops below this level during yesterday’s North American session and the pair moved to the 7008.03 area in short order.  Stops were also hit below...

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Bitcoin (BTC) Risks Massive Further Downside Below $7,200

Bitcoin (BTC) has plunged below $7,200 again and is now once again at verge of massive further downside. The 4H chart for BTC/USD shows that the price has remained rangebound for a long time between the $7,197.5 and the $7,162.75 levels. The latter which also corresponds to the 50% fib level has now been breached for the first time in two days which tells us that something decisive might be around the corner. The price of Bitcoin (BTC) may be above to decline down to the 61.8% fib level which would be around $7,000. The price is very unlikely to...

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Sally Ho's Technical Analysis 14 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair fell to the 7220.95 area after trading as high as the 7299.21 level during in yesterday’s North American session.  The pair has steadily appreciated from the 7075.01 area during Thursday’s Asian session before encountering selling pressure yesterday.  Chartists note that the 100-bar MA (4-hourly) has recently Bearishly crossed above the 50-bar MA (4-hourly), a technical development that may coincide with some market weakness in the short-term.  Likewise, the 200-bar MA (hourly) just Bearishly crossed above the 100-bar MA (hourly), another technical development that may be reflected in additional...

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What’s Next For Bitcoin (BTC) Before 2020?

The UK election is finally over with the Conservative Party taking the lead. With Boris Johnson back in the office, we can be sure that he will “get Brexit done” and the markets will see continuity. The uncertainty that we have seen around Brexit that stalled some major market developments will likely unfold now. The recent move in EUR/USD saw the pair soaring high yesterday. It went on to make the long anticipated triple top. However, the cryptocurrency market did not follow as Bitcoin (BTC) and other coins kept on trading sideways while the Euro and the British Pound made...

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