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Bitcoin (BTC)’s Parabolic Advance Seems To Have Come To An End

Bitcoin (BTC)’s parabolic advance seems to have come to a halt all of a sudden after a strong rally past our $12,500 target. However, on closer observation, we can analyze why this might have happened and what it entails. Before we delve into that, let us first take a look at the monthly chart for EUR/USD. We can see right away that the pair is in a strong downtrend. It has been in this downtrend since the global financial crisis of 2008-09. Over the years, government and businesses have gotten used to this model and it is unlikely to be...

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Is The Bitcoin (BTC) Top Finally In?

Bitcoin (BTC) has shot up around 15% in the last 48 hours. This is the kind of move that we expected and we discussed this many a time in our analyses this month as well as last month. We expected a rally slightly above the 61.8% fib retracement level before the price tops out and that is exactly what happened. The price is now likely to decline from where which will be considered as a healthy pullback by overly bullish retail traders but it will in fact be the beginning of a new downtrend. If we compare the current parabolic...

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Sally Ho's Technical Analysis 9 July 2019

Bitcoin Bitcoin (BTC/USD) strengthened early in today’s Asian session as the pair traded as high as the 12,356.98 area after steady buying interest commenced during yesterday’s Asian session. The pair tested the 12,367.56 area, representing the 23.6% retracement of the 7,508.77 – 13,868.44 range. Many chartists expect that level will soon be breached with the next key upside levels being around the 12,494.99 and 12,700.54 areas. The pair managed to find some technical Support around the 100-bar MA (4-hourly) during yesterday’s Asian and European sessions. BTC/USD bulls are eyeing a couple of additional upside price targets including the 12,873.12 area,...

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Ethereum (ETH) Manipulation Reaches New Heights, Big Picture Remains Intact

Ethereum (ETH) manipulation has reached new heights. If we focus on the daily close on Saturday, we can see the kind of manipulation that is going on. The price rose close to $300 and hit some stops in there in the $299s zone. After that it was pulled downwards only to be pumped later to hit more stops just above $300. The price is currently trading close to $307 and those that are following the big picture now quite well what is going on long term. There is always plenty of noise on lower time frames including the daily chart...

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Bitcoin (BTC) Is Close To Its Next December, 2018 Styled Move

Bitcoin (BTC) is close to its next big move. If we take a look at the 4H chart for BTC/USD, we can see that the price broke below a critical trend line support earlier this month. It managed to climb back above it, but that move was nothing more than an attempt to liquidate shorts around the trend line. After that, the price broke below this trend line again and failed to break past it again. This time, the price has tested it again and is eyeing a breakout past the key trend line resistance again. Considering the recent price...

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