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Sally Ho's Technical Analysis 19 July 2019

Bitcoin Bitcoin (BTC/USD) managed to erase most of its intraweek losses and continued to appreciate early in today’s Asian session, trading as high as the 10,742.87 area after very strong buying activity started during yesterday’s North American session. Traders lifted the pair from the 9,291.00 level, right around the 50% retracement of the move from 4,702.53 to 13,868.44, and later found support around the 10,367.06 area, representing the 38.2% retracement of the same range. Support around this level allowed BTC/USD to nearly test its 50-bar MA (4-hourly) and 200-bar MA (4-hourly). Stops were elected above the 10,046.06 area during the...

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Ethereum (ETH) More Likely To Rise To A New Yearly High Than Bitcoin (BTC)

Ethereum (ETH) is more likely than Bitcoin (BTC) to rise to a new yearly high. ETH/USD has found support on the key 61.8% fib extension level and is expected to rally hard from here if it closes the week above this level. Ethereum (ETH) has seen a brutal correction and might finally get some time to stage a relief rally now. Investors have long been waiting for an altcoin season in this market. They may finally get it if Ethereum (ETH) continues to outpace Bitcoin (BTC) like it has been doing since it completed the correction. The price eyes further...

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Bitcoin (BTC) Bulls Unfazed By Recent Close Below 50 Day EMA

Bitcoin (BTC) bulls seem to be unfazed by the recent close below the 50 Day EMA. The price keeps on breaking out to the upside breaking past one resistance at a time. If we take a look at the 1H chat, we can see that the price is close to another such breakout that could potentially lead to the break of a key downtrend which will pave the way for further upside. The price has been steadily rising since the beginning of the day despite some sell off yesterday. There is a lot of fear in the market and the...

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Sally Ho's Technical Analysis 18 July 2019

Bitcoin Bitcoin (BTC/USD) failed to sustain some short-lived gains early in today’s Asian session as the pair fell back to the 9583.88 area after trading as high as the 9998.00 level during yesterday’s North American session.  Traders were unable to push the pair back above the psychologically-important 10,000.00 figure, again calling into question the market’s short-term bias. During yesterday’s European session, BTC/USD traded as low as the 9,071.00 area as the pair managed to remain above the 9,009.65 area, representing the 76.4% retracement of the move from 7,508.77 to 13,868.44. Chartists are anticipating some Stops that are likely to be...

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Ethereum (ETH) Likely To Rally Hard As Price Finds Temporary Bottom

Ethereum (ETH) seems to have found a temporary bottom after a fierce fight between the bulls and the bears. Initially it appeared that the bulls were in control soon after ETH/USD recovered back above $200 but that did not last for long. The bears showed up and they fought hard to pull the price back to where it recovered from. So far, they have failed to do that and it is likely that they are not going to succeed anytime soon. For the ambitious bulls coming to the rescue, this is a good time to be long, but for the ambitious bears,...

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