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Sally Ho's Technical Analysis 1 September 2019

Bitcoin Bitcoin (BTC/USD) was slightly stronger early in today’s Asian session as the pair traded as high as the 9618.59 area with traders searching for direction. There was some very interesting trading activity late in yesterday’s North American session that saw selling pressure take the pair as low as the 9436.20 level before moving higher to the 9704.48 and then consolidating intraday gains.  Traders are still observing the 9765.93 area as an upside price target, a level that represents the 38.2% retracement of the move from 3128.89 to 13868.44. BTC/USD is showing a little bit of upward traction following its...

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Could Bitcoin (BTC) Invalidate the Descending Triangle?

There is a descending triangle on the BTC/USD chart that everyone is looking at. For the bulls this is a sign that the move to the upside may be short-lived whereas for the bears this is a sign of confidence that the price might soon start decline. In my opinion, before that happens, both sides are going to be surprised. When the price started to shoot straight past $6,000 and made a parabolic run from there, the bulls and bears were both very surprised. The same could happen this time if the descending triangle is broken to the upside. The...

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Sally Ho's Technical Analysis 31 August 2019

Bitcoin Bitcoin (BTC/USD) glided higher early in today’s Asian session as the pair traded as high as the 9649.01 area following a move to the 9699.00 level late in yesterday’s North American session.  Bids emerged around the 9451.67 area during yesterday’s North American session and Bids also emerged there during yesterday’s European session.  Notably, that levels represent the 50% retracement of the move from 9,321.73 to 9,572.99.  During yesterday’s Asian session, the pair traded as low as the 9337.97 area before gaining ground. If BTC/USD Bulls are able to take command in the near-term, one of the first important levels...

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Ethereum (ETH) Likely To See A Strong Revival In Investor Confidence

Ethereum (ETH) is on the verge of a major breakout. The price is trading within a falling wedge and it is only a matter of time before we see it rally towards the top of this wedge and to eventually break out of it. This has been a long overdue move for Ethereum (ETH) because for the past few months, investor confidence in Ethereum (ETH) and other altcoins had been battered pretty badly. It is now time for a short term trend reversal in Ethereum (ETH), one that might see it rally all the way past $200 to potentially top...

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Bitcoin (BTC) Bulls Have Taken Control

Bitcoin (BTC) has declined below the descending triangle but a lot of people are suddenly expecting a fall to $8,000 or $3,000 from here. This would be useless from the market makers standpoint because they don’t want to just drag the price down to $3,000. They want to sell you a dream and make you believe that it might still recover. So, it will decline and then you would expect it to recover and then it would decline again in a way that you still remain hopeful. So, I don’t see the price falling below $9,000 because BTC/USD has found...

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