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Ethereum (ETH) Inches Closer To Its Next Big Move

Ethereum (ETH) is close to making a big move that could come into effect in the next few days. The 200 moving average on the 1H chart for ETH/USD is now the line that would determine which way the price is going to break. No matter which way it breaks, it will be a big move. If it declines, we would be looking at a double bottom. If it goes up, we would be looking at a price target of $170 or higher. In any case, it is very important to stay focused at this time especially if you are...

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Bitcoin Bulls Are Still In Control

The price of Bitcoin has once again entered the grey area on our 4H chart for BTC/USD despite a short-lived crashed yesterday that made investors fearful. The Fear and Greed Index dropped further but the near term bullish outlook of the market has not changed much. In fact, the 4H chart shows the price trading within an ascending triangle that might soon lead to a massive breakout now that it has already broken out of the falling wedge and found support on top of it. This potential bullish breakout has a lot to do with the near term outlook of...

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Bitcoin (BTC) Ascending Triangle Hints At Major Breakout Ahead

Bitcoin (BTC) has just broken above the falling wedge and the trend line resistance that seemed a hindrance has now turned into a trend line support. Despite yesterday’s frightening candle on the 4H chart for BTC/USD that turned the Fear and Greed Index from 24 to 21, the near term outlook of Bitcoin (BTC) remains promising as it has just entered the grey area on the chart and is now likely to rally higher. If the ascending triangle plays out as expected, we might be looking at an aggressive surge in the price that could see it break past the...

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Sally Ho's Technical Analysis 5 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 7287.75 level following its volatile and sharp ascent to the 7775.00 level early in yesterday’s North American session.  Stops were elected above the 7552.89 area during the pair’s rapid climb, a level that represents the 23.6% retracement of the move from 6526.00 to 7870.10.  The pair was unable to sustain its intraday gains yesterday and has largely now given back most of them. The pair’s short-term market bias appears like it will be determined by BTC Bulls around the 7198.05 area or by...

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Ethereum (ETH) Could Rally More Than 20% Before The Next Downtrend

Patience is paramount to successful trading in any market. We have seen throughout the history of Ethereum (ETH) that certain patterns and fractals have been repeating over and over again. It is thus important to take them into account and be patient and let them play out because most of the time things are not as complicated as we like to think. For instance, the 4H chart for ETH/USD shows us how closely the price is following the same fractal as the one from the last week of September when the price was setting out to rally after a crippling...

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