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Sally Ho's Technical Analysis 14 September 2019

Bitcoin Bitcoin (BTC/USD) gave back a small amount of gains early in today’s Asian session following the pair’s quick ascent late in yesterday’s North American session that saw traders lift the pair from the 10157 level to the 10392 level, right around the 50% retracement of the move from 10939.34 to 9851.97.  Traders tested the 100-bar MA (4-hourly) around the 10150 area before driving BTC/USD higher late in yesterday’s North American session.  The pair continues to trade above and below both the 50-day MA (4-hourly) and 200-day MA (4-hourly). If BTC/USD is able to climb above the 10392 area, traders...

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Ethereum (ETH) Eyes Significant Further Downside Against Bitcoin (BTC)

Ethereum (ETH) is primed for a massive decline against Bitcoin (BTC). It has yet to fall towards the next fib circle which means that we might see a next wave of downside similar to what we saw in August if not more devastating. The daily chart for ETH/BTC shows that Ethereum (ETH)’s downtrend against Bitcoin (BTC) remains intact. As long as it remains below the 21 day EMA, we can expect further downside to follow in an aggressive manner. The next few weeks are expected to be brutal for Ethereum (ETH) as it will lose most of its gains not...

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Why Bitcoin (BTC) Could Crash Below $10,000 Anytime Now

Bitcoin (BTC) could decline below $10,000 any time now. This is not matter of if it will happen but when it will happen. We have seen BTC/USD face a strong rejection at the 38.2% fib retracement level. As long as the price remains below this level, the probability of a fall below $10,000 remains very high. Such moves are usually expected around the weekend and it would not be surprising to see something like that happen this weekend as well especially if Bitcoin (BTC) ends up closing the day below the 38.2% fib retracement level. We predicted a move to...

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Bitcoin (BTC) All Set For Another Downtrend

Bitcoin (BTC) has finally made that move to the upside. Some traders are eyeing further upside from here and it is still possible that the price might rally towards $10,500 from here. However, that would be a very risky bet to make as the risk reward is definitely not worth it. If we take a look at the fractal before the present one, we can see that the price is declining in the same manner as it did before. It has now found support along a key trend line in the same manner. This trend line stands between temporary bullishness...

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Sally Ho's Technical Analysis 13 September 2019

Bitcoin Bitcoin (BTC/USD) moved higher early in today’s Asian session as the pair escalated to the 10359.92 area following upward buying pressure that intensified during yesterday’s European session when Bids emerged just below the 10046.06 area, right around the 23.6% retracement of the move from 13202.63 to 9071.  This upward pressure followed earlier upward pressure that emerged during yesterday’s Asian session just below the 9938.16 area, representing the 61.8% retracement of the 7508.88 – 13868.44 range. Traders are observing some probable Stops above the 10378.96 area that could be elected in the near-term, just above the 76.4% retracement of the...

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