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Bitcoin (BTC): Why This Could Be The Most Important Week Since Dec, 2018

Bitcoin (BTC) is back above $9,000 and could be near $10,000 by the end of the day. This a very interesting development considering CME Bitcoin Futures closed the week at $8,440. If the price does end up rallying past $9,600 before the weekly close, there will be a huge gap to be filled. That makes this week important but there is more to it than that. If we look at the weekly chart for BTC/USD, we can see that Bitcoin (BTC) is now very close to testing the 38.2% fib retracement level from its all-time high. The price flash crashed...

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Sally Ho's Technical Analysis 16 June 2019

Bitcoin Bitcoin (BTC/USD) gave back a small amount of hard-fought gains early in today’s Asian session after the pair rocketed to its highest level since 30 May at 8916.63 during yesterday’s North American session. Stops were elected above the 8707.00 figure during recent trading sessions, representing the 23.6% retracement of the move from 7467.10 to 9090.00. Some very important technical clues emerged during yesterday’s European and early North American sessions when Bids repeatedly emerged around the 8635 – 8640 areas, now equal to the 23.6% retracement of the 7702.83 – 8916.63 range. BTC/USD’s upward moves again shifts the focus to...

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How High Can Bitcoin (BTC) Go During The Next Bullish Advance?

Bitcoin (BTC) is back above $8,600 and now eyes further upside. This has left a lot of analysts and investors speculating as to where BTC/USD might finally top out. There is no denying that Bitcoin (BTC) has been on a roll for the past few months but this rally will come to an end and that end is going to be brutal, not just for the bulls but also for the bears. Many retail bears have tried to get in front of the recent rally and most of them got liquidated but there are still some retail bears left to...

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Sally Ho's Technical Analysis 15 June 2019

Litecoin Litecoin (LTC/USD) recently traded at its strongest level since May 2018, printing as high as the 144.34 area this past week before yielding some recent gains. An extremely important level is the 137.04 area, representing the 50% retracement of the move from 251.90 to 22.17. Stops were elected above this area during the week and the pair derived some short-term constructive demand before marching lower. The 137.04 area quickly became technical Resistance during the move lower, an indication of its significance. Another key area that was tested this week was the 121.16 area, representing the 61.8% retracement of the...

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Ripple (XRP) Primed For Further Upside Against Bitcoin (BTC)

Ripple (XRP) declined to its 38.2% fib retracement level against Bitcoin (BTC) and is now preparing for a trend reversal. The daily chart shows that the price is still far away from the 50 day exponential moving average but if it rebounds successfully off the 38.2% fib retracement level, we could see it shoot towards the top of the descending triangle. It is important to note that Ripple (XRP) remains at risk of a major correction long term but short-term, it is primed for further upside against Bitcoin (BTC). Considering that BTC/USD is also primed for a rally towards $10,000...

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