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Bitcoin (BTC) Bullish Reversal Or Price Manipulation?

Bitcoin (BTC) closed the day below the 50 day EMA but something very interesting happened soon afterwards. The price shot up through the 50 day EMA and has now made the bulls hoping for a bullish continuation. It is important to note here that BTC/USD ended up closing above the 38.2% fib extension level from the all-time high which is a bullish sign that means that the bulls might be in control for the time being. If we take a look at the daily chart, we can see that the price made two consecutive closes below the 50 Day EMA....

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Sally Ho's Technical Analysis 25 July 2019

Bitcoin Bitcoin (BTC/USD) was pressured early in today’s Asian session as the pair moved to the 9,507.38 level before gaining a little bit of ground back.  The low of 9,507.38 was just below the 9,532.39 area that represents the 38.2% retracement of the move from 19,891.99 to 3,128.89.  During yesterday’s North American session, the pair gained some ground but stopped short of testing the 9,938.16 area. This follows the pair’s inability to move above the 10,234.22 area during yesterday’s Asian session. That level represents the 50% retracement of the move from 6,600.00 to 13,868.44 and given the market’s current bearishness,...

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Ethereum (ETH) Expected To Fall Below $200 Before End of The Week

Ethereum (ETH) has long been stalling a move below $200. We saw it flash crash below $200 earlier but it managed to rebound from there without staying there for long. This was a temporary sign of relief in the market but it has now become clear that ETH/USD does not have the room to go higher and that the price is likely to crash hard soon as it declines below the 61.8%. This decline could see the price come down to $190 again any time before the end of the week. Now, we do expect the price to fall a...

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Bitcoin (BTC) At High Risk Of A Flash Crash To $7,200 As Bears Take Control

Bitcoin (BTC) has already broken the parabolic uptrend that had everyone hoping for a rally to a new yearly high or a new all-time high. The weekly chart for BTC/USD shows that it has now declined below the rising wedge and is hanging by a thread to break below the 38.2% fib extension level from the December, 2018 lows. If the price falls below the 38.2%, we are likely to see a flash crash to the 61.8%. This is when most traders will realize that maybe that is not the beginning of a new bullish cycle. For the past few...

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Bitcoin (BTC) Primed For A Big Fall From Here

Bitcoin (BTC) has closed the day below the 50 day EMA again but this time the circumstances are quite different. Instead of beginning the next day in green, BTC/USD has begun the next day in red and is now on the verge of further downside that could push the price all the way down to the 61.8% fib extension level from the December, 2018 lows. We expect the price to end up closing above the 200 Day EMA where it is likely to find temporary support before any move to the upside can be expected. The price has broken a...

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