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Sally Ho's Technical Analysis 29 November 2019

Bitcoin Bitcoin (BTC/USD) climbed higher early in today’s Asian session as the pair tested the 7497.91 level after trading as low as the 7370.62 area earlier in the Asian session, down from the 7660.82 area in yesterday’s North American session.  Traders are paying attention to some short-term clues that have emerged following the pair’s recent plunge to the 6526.00 level.  The pair has managed to remain bid above the 6953.00 area following its shallow rebound to the 7379.99 area, and if the pair is going to recover, it needs to establish a constructive base around key areas of technical Support. ...

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Ethereum (ETH) Could Rally Towards $170 Before The Next Downtrend

Ethereum (ETH) has plenty of room for further upside. Yesterday’s move saw the cryptocurrency lose ground against Bitcoin (BTC) but it still gained significantly against the US Dollar (USD). The daily chart for ETH/USD shows that the price might attempt to test the 50% fib extension level at $171 before the next downtrend. RSI on the daily time frame also supports such a move. This means that we could see a bullish move not only in Ethereum (ETH) but in other altcoins in the days and weeks ahead. At a point in the market when retail traders have been fearing...

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Bitcoin (BTC) Bulls Finally Take Control

Bitcoin dominance (BTC.D) has finally tested the 200 moving average on the 4H time frame. This has finally convinced me that the correction is over for now. The price might see further upside from here as high as $8,000 or in the case of another pump much higher. The 4H chart for BTC/USD shows how the price has been slowly declining in a systemic manner to lower levels. This slow bleed has a method to it and a way of keeping the bulls excited as the price gradually declines. We have now seen Bitcoin (BTC) break below key trend line...

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Bitcoin (BTC) Bulls Won’t Give Up Without Putting Up A Fight

Bitcoin (BTC) bulls charged aggressively yesterday and the price is currently trading well above the $7,000 mark. It is no longer a do or die situation for the bulls as they have assumed control for the foreseeable future. We can see the price trading within a falling wedge that may soon lead to further upside. It wouldn’t be surprising to see BTC/USD trade north of $8,000 if it ends up breaking out of this wedge. When the price declined down to the $6,587 mark, a lot of retail bears got overly excited and entered aggressive longs. Many of them were...

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Sally Ho's Technical Analysis 28 November 2019

Bitcoin Bitcoin (BTC/USD) appreciated  early in today’s Asian session as the pair moved back to the 7595.00 area after trading as high as the 7678.76 level in yesterday’s North American session.  Strong buying activity commenced during yesterday’s North American session after the pair remained above the 6810.00 level.  Bearish technical trading sentiment continues to impact the pair following its 38% peak-to-trough rout between October and November, a decline that became exacerbated during the last several days when the pair crashed through several key technical levels.  Those areas included the 8289, 7594, and 6899 areas and traders will be closely watching...

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