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BTC/USD Lower After Test of 12496.68: Sally Ho's Technical Analysis 19 August 2020 BTC

Bitcoin (BTC/USD) looked to extend recent gains early in today’s Asian session as the pair continued its gyrations around the psychologically-important 12000 figure after trading as high as the 12486.61 area earlier this week, its strongest print since July 2019.  Stops were elected above a series of important technical levels and upside price objectives during the ascent, including the 11992.15, 12086.22, 12112.97, 12173.80, and 12348.26 areas.  Traders note that the intraweek high of 12486.61 represented a test of the 12496.68 area, an upside price objective related to buying pressure that emerged around the 8055.91 area earlier this year.  One range that has...

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ETH/USD Looking Pressured After 447.50 Print: Sally Ho's Technical Analysis 18 August 2020 ETH

Ethereum (ETH/USD) drifted lower early in today’s North American session as the pair depreciated to the 427.07 area level after trading as high as the 440.09 area earlier in the Asian session.  Traders pushed ETH/USD higher to the 447.50 area during yesterday’s North American session, a new 2020 high.  Stops were elected above the 437.68 and 438.40 areas, representing the 76.4% and 78.6% retracements of the recent depreciation from 445.45 to 412.51, and then above the 445.45 area.  Selling pressure emerged today around the 100-bar simple moving average during the Asian and European sessions, capping the pair’s additional upside advances. ...

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BTC/USD Bulls Finally Run Above 12000: Sally Ho's Technical Analysis 18 August 2020 BTC

Bitcoin (BTC/USD) showed some volatility early in today’s Asian session as traders reacted to the pair’s spike higher during yesterday’s North American session that saw the 12210.89 area reached, after Stops were elected above the recent relative high of 12134.29.  One range that has recently influenced recent price activity is the recent appreciation from 11546.15 to 12086.22, and traders are observing that buying activity emerged during a recent pullback just below the 11497.71 area, representing the 38.2% retracement of the appreciating range.  Additional retracement levels in this appreciating range include the 11316.19, 11134.46, and 10909.61 areas.  Traders also remain focused on the...

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ETH/USD Eyeing Technical Resistance at 437.68: Sally Ho's Technical Analysis 17 August 2020 ETH

Ethereum (ETH/USD) rallied higher early in today’s North American session as the pair appreciated to the 434.03 area level after trading as low as the 420.50 area earlier in the European session.  Traders are waiting to see if the pair can absorb technical resistance around the 437.68 and 438.40 areas, representing the 76.4% and 78.6% retracements of the recent depreciation from 445.45 to 412.51.  ETH/USD has remained bid above the 100-hour simple moving average for a few sessions. The 396.69 area remains an important technical level, representing the 23.6% retracement of the historical depreciation from 1419.96 to 80.60.  Stops were...

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BTC/USD at 12000 or 11000 Next? Sally Ho's Technical Analysis 17 August 2020 BTC

Bitcoin (BTC/USD) continued to orbit the 11750 level early in today’s Asian session as traders continued to wait and see if the pair could eclipse the 11989.98 area where selling pressure emerged late last week.  Some buying pressure emerged around the 11706.00 level during yesterday’s North American session, right around the 200-bar simple moving average.  Traders recently have stopped just short of pushing the pair above the psychologically-important 12000 figure.  One range that has influenced recent price activity is the recent appreciation from 11546.15 to 12086.22, and traders are observing that buying activity emerged during a recent pullback just below the 11497.71...

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