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Sally Ho's Technical Analysis 1 June 2019

Bitcoin Bitcoin (BTC/USD) extended its rebound higher early in today’s Asian session as the pair continued to reclaim lost ground following Thursday’s move that saw a sudden depreciation from 9090.00 to 7972.00.  There have now been five consecutive 4-hourly bars with higher highs and higher lows, a bullish development that saw the pair test the 8580.00 level early in today’s session. BTC/USD has also managed to move back above the 50-bar MA (4-hourly), another bullish development. Some Stops were elected above the 8531.00 figure late in yesterday’s North American session, representing the 50% retracement of the move from 9090.00 to...

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How Low Could Ripple (XRP) Fall Before The Next Bull Run?

Ripple (XRP) is in a very vulnerable spot as it has yet to break out of a large descending triangle that it has been trading in against Bitcoin (BTC). Throughout Ripple (XRP)’s trading history, we have seen most of such triangles break to the downside. The price breaks below one triangle and forms another. There is a good chance that the same could happen this time especially as the cryptocurrency market prepares for the next big decline. A lot of people look at the bear market that started in early 2018 and continued till now and they think it is...

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Ethereum (ETH) Falls Below 50 Day EMA Against Bitcoin (BTC) Amid Panic Selling

Ethereum (ETH) has finally declined below the 50 day exponential moving average against Bitcoin (BTC) after testing the key resistance level yesterday. The price ended up closing below the 50 Day EMA, it tested it again today but failed to break past it. The daily chart for ETH/BTC shows that Ethereum (ETH) is primed for a strong downtrend from current levels. It is only a matter of time before we see the price break below the long descending triangle and fall to new yearly lows. This one chart should make it abundantly clear to most altcoin enthusiasts that the market...

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Bitcoin (BTC)’s Decline Could Be Hastened By Strengthening US Dollar

Bitcoin (BTC) declined massively in the past 24 hours after a big crash just when everyone got all excited about the price crossing the $9,000 mark. A lot of analysts and experts took to Twitter and other social media platforms to declare victory only to see the price erasing most of those gains by the end of the day. BTC/USD has been long overdue for a correction but a lot of people were a eyeing a retest of the 38.2% fib retracement level from its all-time high as a potential level for a strong rejection that would lead to the...

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Sally Ho's Technical Analysis 31 May 2019

Bitcoin Bitcoin (BTC/USD) depreciated sharply early in today’s Asian session following the pair’s ascent to the 9090.00 level during yesterday’s North American session, its strongest print for several months. Stops were elected above the 8824.74 area during yesterday’s move higher, representing the 76.4% retracement of the move from 8947.88 to 8426.09. BTC/USD depreciated to the 7972.00 level early in the Asian session after Stops were elected below some key retracement areas including 8278.55 and 8087.05. Stops were also triggered below the 8324.13 level, representing the 50-bar MA (4-hourly), and then below the 8063.08 area, representing the 100-bar MA (4-hourly).  Buying...

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