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Sally Ho's Technical Analysis 13 June 2019

Bitcoin Bitcoin (BTC/USD) moved lower early in today’s Asian session as the pair tested the 8198.38 area and then reversed course just below the 100-bar MA (4-hourly), eventually dropping to the 8145.66 area.  Early in yesterday’s North American session, the pair rocketed to the 8292.43 level, representing its strongest print since 3 June. Stops were elected above the 8222.45 area during the move higher, the then-100-bar MA (4-hourly). Stops were also then triggered above levels that we have identified in recent analyses, including the 8246.56/ 8258.50/ 8278.55 areas with BTC/USD unable to wander too far above the 8278.55 area, representing...

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How High Could Litecoin (LTC) Go Before Halvening?

We have seen Bitcoin (BTC)’s parabolic run up but that run up is nothing compared to what Litecoin (LTC) has pulled off in the last few months. For anyone who believes in buying the rumor and selling the news, Litecoin (LTC) was the best investment since the beginning of the year. LTC/USD shot up from $22 and is currently trading around $140. Investors, who bought around the temporary bottom in December, 2018 would have now made more than a six times return on their investment in just a few months! All of this sounds good in hindsight, but the truth...

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Ethereum (ETH) Might Be On The Verge Of A Historic Breakout

Ethereum (ETH) might be on the cusp of a historic breakout against Bitcoin (BTC) as the price has just climbed above the 50 Day EMA and is now close to the most critical trend line resistance that ETH/BTC has failed to breach since the beginning of the bear market. If this trend line resistance is broken, altcoin enthusiasts will have a strong reason to believe that the altcoin season has started. While it might be tempting to believe that, it is important to understand the risks here. Ethereum (ETH) is still trading within a large descending triangle against Bitcoin (BTC)....

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EUR/USD Outlook Suggests Bitcoin (BTC) Could Rally But Not For Long

The EUR/USD pair has seen a long period of downtrend but we have yet to see it bottom. The recent rally that saw the pair escape the descending triangle and later test it as support is more likely a fake out. This rally could see EUR/USD continue to rise within the ascending channel for the time being but sooner or later it has to come down again. The price of Bitcoin (BTC) is predominantly paired to the US Dollar (USD) on most exchanges. This means that if the US Dollar (USD) goes down, Bitcoin (BTC) goes up in dollar terms....

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Sally Ho's Technical Analysis 12 June 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session with the pair reaching the 7985.00 area after finding buying demand around the 7702.83 area late in yesterday’s North American session.  Technically, the pair depreciated late in yesterday’s European session, falling to the 7740.00 area, representing the 61.8% retracement of the move from 7508.77 – 8097.35. The pair then came off further late in the North American session. If BTC/USD is going to take a run higher, it will need to firmly move above the 7958.45 area, representing the 23.6% retracement of the same range. The 8004.24 area is a short-term...

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