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Sally Ho's Technical Analysis 4 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair fell to the 7241.60 area after being capped around the 7412.85 area during yesterday’s Asian session.  Traders have been observing the pair trading between important technical levels recently, including the 7356.65 and 7198.05 areas that represent the 38.2% and 50% retracements of the 6526.00 – 7870.10 range.  Other important levels in that range include the 7039.45 area, representing the 61.8% retracement, and the 7552.89 area, representing its 23.6% retracement.  The pair has also recently been trading between its 50-bar MA (4-hourly) and 100-bar MA (4-hourly), as traders search...

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Ethereum (ETH) Is In A Do Or Die Situation Again

Ethereum is no stranger to being in a do or die situation. Most of the time it ends up gaining the most and losing the most in such situations depending on how it plays out. Ethereum dominance (ETH.D) is currently trading within a symmetrical triangle on the daily chart. At the moment, it is struggling to break past the 38.2% fib extension level. If it succeeds in doing that, then we would be looking at rally to the top of the triangle. However, it is a break above or below this triangle that will make or break Ethereum (ETH) and...

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Bitcoin (BTC) More Likely Than Before To Test $8,000 Before Next Decline

Bitcoin (BTC) is more likely than before to test the $8,000 mark for a number of reasons. First of all, the price is still holding up quite strongly above the $7,257 support. This has now increased the probability of a rally higher to the 38.2% fib extension level. It could face resistance there but that move is more likely to lead to further upside as we would have to see a test of the previously broken trend line support which has now turned into a trend line resistance. Barring a decline below the current support, BTC/USD is poised to rally...

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Sally Ho's Technical Analysis 3 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) moved higher early in today’s Asian session as traders lifted the pair to the 7412.85 area after trading as low as the 7157.33 area during yesterday’s European session.  The market has recently given back some of the gains it scored last week when the pair escalated from the 6526.00 area to the 7870.10 level.  A couple of good relative measures of the pair’s ongoing weakness include the 7568.81 and 7473.42 areas, both of which represent 23.6% depreciations from recent relative highs including the 10944.67 and 10540.49 levels.  During Friday’s North American session, BTC/USD came close to testing...

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Ethereum (ETH) Ready To Make Fresh Gains After Recent Correction

Ethereum (ETH) declined once again to the 38.2% fib extension level and has now formed a double top there. This has increased the probability of a move to the upside from here which might see the price rise all the way towards $170. We can expect ETH/USD to test the 200 moving average on the 4H time frame if it ends up rallying higher from here. If it declines below the 38.2%, then we can expect it to decline down to the 61.8% fib level at $141.3. However, there is a strong support at $144 which corresponds to the 50%...

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