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Sally Ho's Technical Analysis 25 June 2019

Bitcoin Bitcoin (BTC/USD) moved higher marginally early in today’s Asian session as traders lifted the pair to the 10,944.99 area and contemplated another run at the psychologically-important 11,000 figure.  Buying demand emerged around the 10,794.79 area during yesterday’s European and North American sessions, representing the 50% retracement of the recent 11,215.89 – 10,171.68 range. Traders briefly pushed BTC/USD back above the 11,000 figure to the 11,091.97 area during yesterday’s North American session before the pair moved back below the 11,000 figure. Selling pressure emerged just below the 11,111.16 area during yesterday’s push higher, right around the 76.4% retracement of the...

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Ethereum (ETH) Might Fall To New Yearly Lows In The Months Ahead

Ethereum (ETH) has run into trend line resistance at the top of a large rising wedge. The price has faced a strong rejection at the 161.8% fib retracement level and is now expected to begin its downtrend. If Bitcoin (BTC) ends up falling towards $8,500 we can expect Ethereum (ETH) to break below this rising wedge and fall towards the 61.8% fib retracement level at $168.55. This could be followed by a rally to the upside but the trend line support once broken will then become trend line resistance and the price will have a very hard time rising above...

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When Will Bitcoin (BTC) Go Down?

Bitcoin (BTC) has just closed last week below the 50% fib retracement level after facing a strong rejection. We can see that most cryptocurrencies have already topped out and begun their downtrend. Bitcoin (BTC) performs better than most coins during a downtrend which is why it might hold its ground better but is going to decline nonetheless just like the rest of the market. Price analysis suggests that we could see a leg down to $8,500 which would place BTC/USD around its 21 week exponential moving average. A short term recovery from there would be likely as investors buy the...

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Sally Ho's Technical Analysis 24 June 2019

Bitcoin Bitcoin (BTC/USD) resumed its upward trajectory early in today’s Asian session as the pair moved higher to the 11284.44 area, triggering Stops above yesterday’s then-2019 high of 11215.89. Selling pressure emerged during yesterday’s Asian session right around the 10894.17 area, representing the 61.8% retracement of the move from 11215.89 to 10373.68. Stops were then elected during yesterday’s European session below the 10572.44 area, representing the 23.6% retracement of the aforementioned range. Bids then emerged during yesterday’s North American session and this led to some early demand during today’s Asian session. Market activity was relatively cautious, however, after the 11284.44...

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NEO’s +24.6% Surge Pushes CD Large-Cap Index to 2019 High

The CryptoDaily 21 Leaders Cryptocurrency Index jumped sharply to 54.54 on Saturday from 51.62 on Friday, a 5.65% surge. The 21 Leaders Index is up 16.93% over the past 7 days and is up 23.84% over the past 30 days. Ontology (ONT) led the Index higher with a 10.9% gain to US$ 789.02 million as traders reacted to news that the Ontology network is opening three new Telegram communities, making the community accessible in seventeen languages. IOTA (MIOTA) also contributed with +10.5% gains while Binance Coin (BNB) led the losers with a 0.8% drop. The CryptoDaily Large-Cap Cryptocurrency Index rallied...

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