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BTC/USD Weakening Closer to 11000: Sally Ho's Technical Analysis 26 August 2020 BTC

Bitcoin (BTC/USD) remained on the defensive early in today’s Asian session as the pair weakened back towards the psychologically-important 11000 figure after selling pressure emerged earlier this week around the 11823.62 area.  Stops were elected below the 11370 area during yesterday’s North American session during the move lower, driving BTC/USD to test the 200-bar simple moving average on 4-hourly charts.  Bids finally emerged around the 11324.99 area, just below the 11327.32 area that represents the 61.8% retracement of the appreciating range from 11120.00 to 11662.72.  During the pair’s recent pullback from multi-month highs, Stops were elected below the 11642.05, 11603.11, 11560.28, 11533.61,...

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ETH/USD Fails Below 413.52 and Treads Water Below 400: Sally Ho's Technical Analysis 25 August 2020 ETH

Ethereum (ETH/USD) was on the defensive early in today’s North American session as the pair depreciated to the 387.55 area after trading as high as the 411.97 area during the Asian session, just below the 412.51 area that represented a relative low during a pullback on 16 August.   The weaker short-term bias also became evident when the pair failed to breach the 413.52 area last night, representing the 50% retracement of the recent depreciation from 447.50 to 379.53.  If the recent weakness persists, it could open up a test of downside retracement levels including the 376.90, 364.33, and 360.23 areas. ...

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12000 Has BTC/USD Bulls Charging Again: Sally Ho's Technical Analysis 25 August 2020 BTC

Bitcoin (BTC/USD) extended its recent recovery early in today’s Asian session as the pair moved back above the 11700 area after trading as low as the 11525.62 area during yesterday’s Asian session.  Traders pushed BTC/USD higher to the 11823.62 area during yesterday’s European session and tested the 200-hour simple moving average before some light profit-taking ensued.  Traders are eyeing the 11493.23 area, the 23.6% retracement of the depreciating range from 11892.16 to 11370.00.  During the pair’s recent pullback from multi-month highs, Stops were elected below the 11642.05, 11603.11, 11560.28, 11533.61, 11516.38, and 11442.52 areas, levels related to the pair’s appreciation to the...

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Asia Pushes ETH/USD Above 405.49 Again: Sally Ho's Technical Analysis 24 August 2020 ETH

Ethereum (ETH/USD) managed to regain some upward momentum in today’s North American session as the pair appreciated to the 404.39 area after trading as low as the 400.91 area earlier in the North American session.  Buying pressure lifted the pair from the 387.72 area during the Asian session and bulls rode the momentum higher to the 408.80 area during the European session.  Traders are paying close attention to the 384.36 and 383.91 areas during the pair’s current pullback, representing the 76.4% and 78.6% retracements of the recent short-term appreciation from 379.53 to 400.00.   Stops were elected below the 398.91, 397.08,...

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Can BTC/USD Get Back to 11803? Sally Ho's Technical Analysis 24 August 2020 BTC

Bitcoin (BTC/USD) continued its orbit around the 11500 area early in today’s Asian session as traders sought fresh market sentiment following its test of the 11695.75 area during yesterday’s Asian session.  Buying pressure propelled the pair higher from the 11370.00 area but the 11695.75 area was just above the 11692.69 area, representing the 61.8% retracement of the depreciation from 11892.16 to 11370.00.  Traders are eyeing the 11493.23 area, the 23.6% retracement of this depreciating range.  During the pair’s recent pullback from multi-month highs, Stops were elected below the 11642.05, 11603.11, 11560.28, 11533.61, 11516.38, and 11442.52 areas, levels related to the pair’s appreciation...

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