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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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Bitcoin (BTC) Highly Likely To Climb Back Above $10,000 By End Of The Week

Bitcoin (BTC) has declined well below $10,000 in the last 24 hours which is apparently quite alarming but on closer observation, we see that BTC/USD has completed a major correction. This is a different outlook than the one that we would have in mind simply looking at the price and thinking it has fallen below the 50 Day EMA which has to be bearish. The price has indeed fallen below the 50 Day EMA but it has found support on the 38.2% fib extension level which is a sign of relief for the bulls and an indication that there is...

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Why Bitcoin (BTC) Bulls Have Nothing To Worry About Just Yet

Bitcoin (BTC) has declined below to a four digit price as we expected. We predicted this in our last analysis on BTC/USD. The price was trading around $10,830 when that happened. Soon after we posted the analysis, the price declined to a four digit price i.e. below $10,000. Similarly, we also said in our last analysis that “Ethereum (ETH)’s decline below $200 is inevitable”. The price declined exactly as we expected and touched the 61.8% mark. The market has now completed an important correction and we might see a temporary relief rally to the upside. If we take a look...

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Sally Ho's Technical Analysis 17 July 2019

Bitcoin Bitcoin (BTC/USD) fell sharply early in the Asian session as the pair traded as low as the 9350.00 area after consistent selling started in earnest during yesterday’s Asian session when the pair was trading around the 11,080.01 area. This was just below the 38.2% retracement of the move from 6,600 to 13,868.44, and the pair’s weakest showing since around 20 June. The pair quickly moved below the 200-bar MA (4-hourly) as additional bearish sentiment intensified.  A relatively small amount of buying activity materialised during yesterday’s European session around the 10,512.56 area, right around the 38.2% retracement of the 5,072.01...

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Ethereum (ETH)’s Decline Below $200 Inevitable, Prices Eyes Next Downtrend

Ethereum (ETH)’s decline below $200 is inevitable. The price action on the 15 minute chart for ETH/USD corroborates our long term outlook and we see it declining to $186 before it finds a temporary support. Ethereum (ETH) has been pushed hard these past few weeks as it has now broken key support levels both against the US Dollar (USD) as well as Bitcoin (BTC). This means that we could see the price keep on declining till it finds support on the 61.8% fib extension level. Eventually we expect it to break below that level and fall to a double digit...

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