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Bitcoin (BTC) Ready To Begin Its Long Awaited Downtrend

Bitcoin (BTC) has finally begun its long awaited downtrend. The whales and market makers were aware that a lot of traders were waiting for this so they pumped the price hard and shook them out. Yes, most of them are already out either by their own will or forced out and liquidated. The daily chart for BTC/USD shows that the price pumped hard to test the previous market structure but it ended up breaking past that market structure within the same day. The candle ended up closing well below the previously broken market structure but the manner in which it...

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Sally Ho's Technical Analysis 27 October 2019

Litecoin Litecoin (LTC/USD) was a little weaker early in today’s Asian session as the pair traded down around the 55.77 area following the spike to the 64.40 area during yesterday’s Asian session.  Several key levels were absorbed during yesterday’s surge including a test of the 63.74 area, representing the 50% retracement of the move from 80.26 to 47.22.  After traders reclaimed the 51.39 area, some additional upside price targets were reached including the 52.15 and 53.68 areas, both of which are retracement levels related to the depreciation from the 60.13 area. The recovery from last week’s low of 47.22 was...

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Unprecedented Bitcoin (BTC) Manipulation Reveals What Lies Ahead

Bitcoin (BTC) made a series of big moves in the past 48 hours which were primarily a result of catching the bears off guard and liquidating their positions. This was extremely painful for the bears and it was an unprecedented case of market manipulation. II have never seen such blatant manipulation in this market. We have seen moves masked under news but we have not seen moves that seemed to be aimed at liquidating positions. I have been bullish on Bitcoin (BTC) near term and those that have been bullish recently might have profited off this move as well but...

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Sally Ho's Technical Analysis 26 October 2019

Bitcoin Bitcoin (BTC/USD) extended its massive rally early in today’s Asian session as the pair traded as high as the 10540.49 area, its strongest level since early September.  Traders pushed the pair above the 9651 level, an area that represents the 76.4% retracement of the move from 10379.15 to 7296.44.  Stops were elected above many key areas of technical Resistance along the way, including the 9117.89 and 9547.75, representing the 50% and 61.8% retracements of the move from 10939.34 to 7296.44. Market bias was aggressively altered during the move higher, underlying the appreciable volatility traders experienced this week. Traders’ conviction...

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Ethereum (ETH) Could Decline To Another Falling Wedge Before Reversal

Ethereum (ETH) will see a trend reversal sooner or later. We have a very bullish setup on the daily time frame but before we move on to discuss further, let us understand that just because a bullish setup exists on the charts does not mean that the trend is bullish. The trend is bearish so far and there is no reason to get in front of it especially if you are buying on margin. That being said, it would be a good time to start looking to buy because there is blood on the streets and there may soon be...

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