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Bitcoin (BTC) Still On Track To Bottom Between $1,200-$1,800 By June 2020

Bitcoin (BTC) is ready to crash hard soon as it breaks below the fib circle that the price is trading close to. On smaller time frames, we can see that the price is in fact trading within a large descending triangle which is very likely to break to the downside and trigger the next downtrend. For seven weeks now, BTC/USD has been consistently trying to break past the 38.2% fib extension level but it has failed miserably. This shows us that the price is not ready to break above $12k as there are a lot of seller eager to sell...

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Bitcoin (BTC) Remains At High Risk Of Further Selloff

Bitcoin (BTC) has invalided the short term downtrend as we have seen it break the RSI downtrend but it still remains at risk of significant further sell off. The price action on the 4h chart can be quite misleading as it would have investors think that the market is on the cusp of an uptrend. Bitcoin (BTC) is up more than 2% while Ethereum (ETH) is up close to 5% at the time of writing. This would lead many traders into believing that we are about to see further upside but that couldn’t be further from the truth. In fact,...

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Sally Ho's Technical Analysis 12 August 2019

Bitcoin Bitcoin (BTC/USD) searched for a fresh market bias early in today’s Asian session as the pair continues to take cues from important technical levels. During yesterday’s European session, the pair fell sharply to the 11,088.88 area before bouncing higher, a level that is right around the 38.2% retracement of the move from 6,600.00 to 13,868.44. BTC bulls continue to try to establish a base around the psychologically-important 12,000 figure, a possibility especially after several recent tests of the technically-important 11,978.03 area, representing the 38.2% retracement of the move from 8,919.72 to 13,868.44. Likewise, BTC/USD Bulls are trying to establish...

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Bitcoin (BTC) Primed For A Major Decline Below $11,000

Bitcoin (BTC) is primed for a major decline below $11,000. In the past 24 hours we have seen it attempt to test the $11,093 support and it succeeded in holding that support. However, back then the price had room to rally. Now, the RSI has run into its downtrend resistance and the price has already begun it decline from the key resistance zone of $11,476. We expect the price to crash hard from here most likely before the end of the day. We could see a major move all the way down to the 200 EMA on the 4H chart...

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Sally Ho's Technical Analysis 11 August 2019

Bitcoin Bitcoin (BTC/USD) continued to search for direction early in today’s Asian session as traders continue to keep the pair confined to a relatively tight range.  BTC bulls continue to eye the psychologically-important 12,000 figure, especially after several recent tests of the technically-important 11,978.03 area, representing the 38.2% retracement of the move from 8,919.72 to 13,868.44. BTC bears continue to find headwinds around the 11,439 and 11,394 areas, both of which represent important technical levels. Additionally, the 50-bar MA (4-hourly) is now indicating around the 11,415.93 level. Below these areas, Bids appear to be stronger around the 11,136.82 area, representing...

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