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Crypto Market Is Days Away From Its Next Big Crash

Bitcoin has done practically nothing but traded sideways if we were to look at the daily chart because it closed below the 38.2% fib extension level once again. However, the same could not be said of Ethereum (ETH) which made quite a few moves of its own and ended up rallying much higher making big moves to the upside shaking out bears who entered shorts just when the price declined below a key support. The price has now broken past that support turned resistance and has run into the 200 EMA on the 4H time frame as well. So, what...

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EUR/USD Persistent Bearish Outlook Warns Of Sharp Decline In Bitcoin (BTC)

EUR/USD continues to show signs of weakness but we see Bitcoin (BTC) and other cryptocurrencies continue to confuse traders short term showing fake signs of bullishness when the big picture remains very clear. It all comes down to making decisions with a level head in trading. If you are unnerved by every short move up and down then you are not likely to be profitable in this market or any financial market. You could get lucky once or twice but there will be no consistent profits unless you have a strategy that you can stick to. This daily chart for...

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Sally Ho's Technical Analysis 9 October 2019

Bitcoin Bitcoin (BTC/USD) appreciated marginally early in today’s Asian session, reaching the 8210.00 figure after trading as low as the 8107.26 area late in yesterday’s North American session.  Bids emerged around the 50-bar MA (4-hourly) early in the Asian session, then indicating around the 8177.24 area, and this contributed to short-term positive sentiment.  BTC/USD Bears are eyeing the 8225.12 area as an upside challenge that could cap some short-term gains, representing the 50% retracement of the recent 8342.97 – 8107.26 range. Price activity has managed to remain above the 50-bar MA (hourly), contributing to some short-term bullish sentiment, and the...

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Ethereum Dominance Tops Out Signaling Imminent Downside In Ethereum (ETH)

Ethereum dominance has finally topped out and is now signaling imminent downside in Ethereum (ETH). This is the chart that we have been looking at for a long time and we can see that for more than a week now Ethereum dominance (ETH.D) has done nothing but traded sideways. We have now seen a sharp move to the upside with the beginning of this week but all it has done is test the 61.8% fib retracement level again and has now run into the previously broken trend line support which was part of a rising wedge and has now become...

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Bitcoin Bears Unmoved By Recent Pump

There is something very bullish happening on this Bitcoin (BTC) chart. We have seen a big move out of the symmetrical triangle and now there is a bull flag in the making except it is on the inverted chart for Bitcoin (BTC) instead of the regular one. If something like this had happened on the regular chart most traders with a bullish mindset would readily accept that. So, I have sketched this on the inverted chart to demonstrate that it does not matter whether there is bull flag on the regular chart or the inverted chart. It means that we...

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