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Sally Ho's Technical Analysis 29 July 2019

Bitcoin Bitcoin (BTC/USD) searched for direction early in today’s Asian session as the pair continues to orbit a relatively tight range following its sharp decline during Saturday’s North American session that saw the pair eventually reach the 9,285.48 area, representing the 50% retracement of the move from 4,702.53 to 13,868.44.  The pair’s next upside price objective related to this range is 10,367.06 and the pair’s next downside price objective related to this range is 8,203.91. After testing 9,285.48, traders have lacked firm conviction to take BTC/USD in a new direction. The 50-bar MA (4-hourly) once again proved to be toppish...

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Ethereum (ETH) Close To A Major Breakout As Price Holds Ground Above $200

Ethereum (ETH) holds strong above $200 as price eyes a major breakout. The recent decline in price panicked a lot of investors looking for a move to the upside. However, we have reasons to believe that the uptrend might still continue at least for short term while the price nears a decision point. The price is still trading in a pennant that is yet to breakout to the upside or downside. Short term, there is an opportunity to trade the move to the upside but proper risk management will be key because there is not much upside to expect here....

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Sally Ho's Technical Analysis 28 July 2019

Litecoin Litecoin (LTC/USD) orbited the 88 level in today’s Asian session as traders continue to reprice the pair with a weaker market bias following the pair’s recent inability to get above the 97.72 area.  The 95.86 level has recently emerged as important technical Resistance and this led to traders recently testing the 87.86 area, representing the 61.8% retracement of the move from 76.63 to 106.04.  The pair continues to comfortably trade below the 100-bar MA (4-hourly), and recently traded as low as the 86.57 area. Technicians note that the 83.57 level represents the 76.4% retracement of the move from 76.63...

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Why Bitcoin Could Drop To $1,200 Before Its Next Halving

Bitcoin (BTC) had a good run between 2016 and 2018. It erased most of its gains in 2018 and now it has recovered some of those gains in 2019. Is this something we are seeing for the first time? No, it’s not. We saw the price did the exact same thing during 2014 after its first downtrend when the price found a temporary bottom at the 21 Month EMA. This parabolic run was then followed by a brutal downtrend that lasted through the remainder of 2014 and most of 2015. The Schiff Pitchfork on the monthly chart for BTC/USD shows...

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Sally Ho's Technical Analysis 27 July 2019

Litecoin Litecoin (LTC/USD) continues to trade below a key technical level as negative sentiment continues to keep the pair capped around the psychologically-important 100.00 figure. The 107.27 area is an important technical level and the pair’s inability to move above it mid-month saw traders trigger Stops below the 83.34 area, an important downside price extension objective that corresponds to the pair’s recent high of 145.97.  If additional bearish sentiment develops, LTC/USD traders will eye additional an additional downside price extension objective around the 63.99 area. The 50-bar MA (4-hourly) and the 100-bar MA (4-hourly) are converging and if the 50-bar...

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