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Ethereum (ETH) Is Moments Away From A Game Changing Breakout

Ethereum (ETH) is moments away from a game changing breakout. The daily chart for ETH/USD shows that the price has been stalling a move to the downside for so long that it is now at the absolute end of the descending triangle waiting for a breakout.  The probability of this breakout being to the downside is a lot higher than it being to the upside because ETH/USD is trading within a descending triangle and descending triangle have a history of breaking to the downside most of the time. That being said, we have seen the kind of manipulation in this...

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Bitcoin (BTC) Is Running Out Of Reasons To Stall Its Move To The Downside

Bitcoin (BTC) is running out of reasons to stall a move to the downside. First, it was the “symmetrical triangle” that some analysts tried to draw on the BTC/USD chart. In all fairness to them, it was a symmetrical triangle but technical analysis is about more than just lines on a chart. You cannot just draw lines on a chart and say “the price might either crash hard or rally hard”. You need to have an idea as to what might happen and why it might happen. The manner in which the price has been resisted a meaningful decline is...

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Bitcoin (BTC) Fakeout Or Trend Reversal?

Bitcoin (BTC) has finally begun its decline after falling back into the descending channel. Earlier it staged a fake out by shooting past the descending channel but it ended up declining back into the channel before the end of the day. Now, it has retraced below the 21 EMA on the 4H chart and is likely to decline further. This fake out that we have seen recently is nothing out of the blue. We have seen such fake outs before at turning point. The most recent one was a fake out to the downside which misled investors into thinking that...

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Sally Ho's Technical Analysis 27 August 2019

Bitcoin Bitcoin (BTC/USD) consolidated recent gains early in today’s Asian session as the pair continued to orbit the 10,367.06 area, an important level that represents the 38.2% retracement of the move from 4,702.53 to 13,868.44.  Stops were reached early in yesterday’s Asian session when the pair moved sharply above this level but intraday gains could not be sustained, and the pair fell back as low as the 10,168.59 area during the pullback.  During the rapid climb higher, the pair reached some Stops above the 10,638.50 level, representing the 50% retracement of the move from 7,427.00 to 13,850.00. This range is...

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Ethereum (ETH) In A Parlous Position Amid Waning Altcoin Confidence

Ethereum (ETH) is on the verge of a massive decline as it nears a break below the descending triangle. This move is going to be extremely devastating for Ethereum (ETH) amid waning altcoin confidence. Some contrarian traders are taking this is an opportunity to buy Ethereum (ETH) and other altcoins hoping the sentiment would reverse but it is important to realize that the market can stay irrational longer than you can stay solvent. Ethereum (ETH) and other altcoins have taken a massive hit against Bitcoin (BTC) but that does not mean things can’t get worse if the market begins to...

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