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Bitcoin (BTC) Slides Below $10,000 To A Four Digit Price Again

Bitcoin (BTC) has once again declined to a four digit price contrary to overly bullish expectations. A lot of traders almost bought the idea that this may never happen again but then the price kept on revisiting the 50 day EMA and the bullish resolve kept getting weaker till the price eventually declined below this level. So, what does this mean? It means that if BTC/USD ends up closing below the 50 Day EMA for the second time within the past two weeks, chances are it is going to go down a lot harder. Market makers have done a good...

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Bitcoin (BTC) Keeps Stalling A Move To The Downside

Bitcoin (BTC) has closed the day above the 50 day EMA unlike Ethereum (ETH) which ended up closing below the 200 day EMA. This could be an indicator of further downside to come even though BTC/USD keeps on stalling a move to the downside. However, it keeps on revisiting the 50 day EMA and the more it keeps on testing it, the more it risks falling below it. Bitcoin (BTC) has begun the day in red and it could fall below the 50 day EMA if the price fails to recover quickly from here. The price is at a turning...

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Sally Ho's Technical Analysis 23 July 2019

Bitcoin Bitcoin (BTC/USD) saw some initial buying activity early in today’s Asian session as the pair moved higher to the 10,371.95 area after trading as low as the 10,060.00 area during yesterday’s North American session. BTC/USD appreciated to the 10,688.14 level during yesterday’s Asian session, right around the 50% retracement of the move from 7,508.88 to 13,868.44. The pair’s next upside retracement level related to this range is the 11,439.05 area and the next downside retracement level related to this range is the 9,938.16 area. Stops were elected below the 50-bar MA (4-hourly) during yesterday’s North American session, and Bids...

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Ethereum (ETH) Remains Extremely Vulnerable, Bears On The Cusp Of Gaining Control

Ethereum (ETH) has faced a strong rejection at the 38.2% fib extension level shown on the 15 minutes chart. If the price remains below the 38.2%, we are likely to see further downside ensue and ETH/USD will have to fall towards the bottom of the descending channel. We saw the bulls and the bears put up quite a fight near the top of the channel and it appeared confusing for a while but what is supposed to happen always does. A few big wicks to the upside or to the downside shake out those ambitious traders looking to get rich...

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Bitcoin (BTC) Runs Into Strong Resistance, Further Downside Expected

Bitcoin (BTC) is expected to decline further as the price has run into the strong 38.2% fib retracement level from the local top and already retraced from there. The price is now below the 21 day EMA and will not need much to happen in order for it to decline below the 50 day EMA. We could see sideways movement for a while but ultimately that decline is very likely to happen. The bears are eyeing this level eagerly because if the price closes below the 50 Day EMA, the bulls will lose control of the price. The thing is,...

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