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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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Is Bitcoin (BTC) Ready To Make A Comeback?

Bitcoin (BTC) has been testing the 21 EMA on the 1H time frame for a long period of time and it has eventually broken past that. We have finally seen an uptrend begin and the price could rally higher from here. It might be trading higher than where it is now by the time you watch this video analysis. All of that seems bullish and points to the possibility of BTC/USD making a comeback. There is a falling wedge on the daily chart for BTC/USD that will lead to further upside sooner or later. Short term we can see the...

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Can Bitcoin (BTC) Rally Higher While Traders Eye $6,000?

Bitcoin (BTC) has seen some bullishness today that got the bulls hopeful about the price eventually breaking out of the falling wedge seen on the 4H chart for BTC/USD. However, there is still a lack of momentum for the price to see further upside. As long as the 61.8% fib retracement level is not tested, the possibility of another sharp decline remains there. So far, the bulls and the bears have been fighting for control but it appears that the market makers want to continue with the stop hunt for a while before we can see a trend reversal. There...

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Sally Ho's Technical Analysis 25 October 2019

Bitcoin Bitcoin (BTC/USD) traded sideways early in today’s Asian session as the pair traded as high as the 7446.37 area after trading as low as the 7359.48 area during yesterday’s European session.  Traders continue to react to the pair’s worsening market sentiment following this week’s massive depreciation from the 8349.84 area that saw Bids tested around the 7296.44 area during Wednesday’s North American session, its weakest print since May. Following the decline, one of the key levels that has emerged is the 7537.33 area, representing the 23.6% retracement of the 8314.14 – 7296.44 range. The significance of the 7537.33 area...

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