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Sally Ho's Technical Analysis 15 July 2019

Litecoin Litecoin (LTC/USD) extended recent losses during yesterday’s North American session and traded below the 92.00 figure for the first time since 24 May. Stops were elected below the 95.86 area, representing the 61.8% retracement of the move from 64.86 to 146.00.  The pair’s next downside retracement level related to that range is the 84.01 area, and Stops are likely in place below this level as well. Price activity is approaching a couple of critical levels and if they are broken, bearish sentiment will likely continue. The 88.68 area is the next immediate downside target and it represents the 23.6%...

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Bitcoin (BTC) Bulls Have Lost Control Of The Price, The Next Downtrend Begins

Bitcoin (BTC) bulls have finally lost control of the price as it just tanked below the 21 Day EMA. If BTC/USD ends up closing the week in around current levels, that will be an extremely bearish signal and we might see the price break the important rising wedge as early as next week and the bears will finally be in control. The Money Flow Index indicator on the weekly chart shows that the price has long been overbought and is now primed for a massive fall to the downside. That being said, those that are trying to short Bitcoin (BTC)...

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Sally Ho's Technical Analysis 14 July 2019

Bitcoin Bitcoin (BTC/USD) edged lower early in today’s Asian session as the pair traded as low as the 10,842.01 area following steady selling pressure in yesterday’s European and North American sessions.  Traders were unable to punch BTC/USD above the 11,978.03 area during yesterday’s Asian session, an important technical level that represents the 38.2% retracement of the move from 8919.72 to 13,868.44. The next upside retracement level related to this range is the 12,700.54 area and the next downside retracement level related to this range is the 11,394.08 level followed by the 10,810.13 area. Traders lifted BTC/USD before it tested the...

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Bitcoin (BTC) Could Trade Sideways For Now But The Parabolic Advance Is Over

Bitcoin (BTC) could trade sideways for now but it has already done what it was supposed to do. The price has now formed a double top just like it did at the end of the parabolic advance of late 2017. The price is holding above the 21 day EMA just as it did back then and when it finally breaks below it, we are likely to see it flash crash in the same manner that it did back then. After that it will find support on the 50 Day EMA again and then eventually decline below to fall even below...

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Sally Ho's Technical Analysis 13 July 2019

Bitcoin Bitcoin (BTC/USD) was slightly stronger early in today’s Asian session as the pair escalated higher to the 11,950.00 level, stopping just short of testing an important level around the 11,978.03 area, representing the 38.2% retracement of the 8,919.72 – 13,868.44 range.  The next upside price level related to this range is the 12,700.54 area and the next downside price level related to this range is the 11,394.08 area. Early in today’s Asian session, the pair found some buying demand right around the 100-bar MA (4-hourly), currently indicating around the 11,612.88 area. The price also continues to orbit the 50-bar...

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