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Tight Range of BTC/USD Lulling Traders into Complacency: Sally Ho's Technical Analysis 15 October 2020 BTC

Bitcoin (BTC/USD) had a limited range early in today’s North American session as the pair traded as low as the 11263.15 level after trading as high as the 11438.83 area during the Asian session, capped right around the 50-hour simple moving average.  Traders are carefully monitoring the recent depreciating range from 11736.02 to 11263.15, and upside retracement levels include the 11443.79, 11499.59, 11555.38, 11624.42, and 11634.83 areas.  Stops were recently elected above the 11601.04 area, representing the 78.6% retracement of the recent depreciating range from 12086 to 9819.83.  Traders are carefully monitoring the 11857.25 area, representing the 76.4% retracement of the depreciating...

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ETH/USD Remains Pressured Below 377.65: Sally Ho's Technical Analysis 15 October 2020 ETH

Ethereum (ETH/USD) was pressured lower early in today’s North American session as the pair depreciated to the 370.06 area after trading as high as the 381.14 area during the European session.  Traders have encountered technical resistance around the 50-hour and 100-hour simple moving averages following the pair’s depreciation from the 387.63 area earlier this week.  Some short-term upside retracement levels related to the pair’s recent depreciating range from the 387.63 area to the 370.06 level include the 378.85, 380.92, 383.48, and 383.87 levels.  Another depreciating range that traders are watching is the move from 395.18 to 374.29, with the 384.74,...

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BTC/USD Remains Given Below 11500: Sally Ho's Technical Analysis 14 October 2020 BTC

Bitcoin (BTC/USD) glided lower early in today’s North American session as the pair traded as low as the 11356.71 level after trading as high as the 11492.19 area during the Asian session, representing a test of the 38.2% retracement of the recent depreciating range from 12086.22 to 11120.  Notably, the 11356.71 area represented a test of the 23.6% retracement of this depreciating range as well.  BTC/USD recently printed as high as the 11736.02 area after some Stops were elected above the 11601.04 area, representing the 78.6% retracement of the recent depreciating range from 12086 to 9819.83.  Traders are carefully monitoring the 11857.25...

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ETH/USD in Tight Range After 385.50 Headwinds: Sally Ho's Technical Analysis 14 October 2020 ETH

Ethereum (ETH/USD) weakened early in today’s North American session as the pair depreciated to the 378.01 area after trading as high as the 385.50 area during the Asian session.  These intraday highs were reached after minor Stops were elected above the 384.74 area, representing the 50% retracement of the recent depreciating range from 395.18 to 374.29.  The next upside retracement levels in this range include the 387.20, 390.25, and 390.71 areas.  Around intraday lows, ETH/USD tested the 100-hour simple moving average before moving back above the 380.00 level.   Trading activity continues to orbit the 378.85 area, representing the 38.2% retracement...

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Stops Elected Above 11510.44 on BTC/USD Move Towards 12000: Sally Ho's Technical Analysis 13 October 2020 BTC

Bitcoin (BTC/USD) staged a small recovery early in today’s North American session as the pair traded as high as the 11561.45 level after trading as low as the 11388.00 area during the European session, representing a test of the 50% retracement of the recent appreciating range from 11120.00 to 11662.72.  This intraday low was just below the 11397.10 area, a level that represents the 61.8% retracement of the appreciating range from 11187.60 to 11736.02.  During today’s Asian session, BTC/USD printed as high as the 11736.02 area after some Stops were elected above the 11601.04 area, representing the 78.6% retracement of the recent...

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