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BTC/USD Volatile After Pop Above 12000: Sally Ho's Technical Analysis 3 August 2020 BTC

Bitcoin (BTC/USD) remained remained volatile the psychologically-important 11000 figure early in today’s Asian session as traders continued to lick their wounds following the recent sharp move higher to the 12134.29 area and subsequent drastic fall to the 10546.15 area before its recovery back above the 11000 figure.  Stop hunters elected Stops below the 11385.78, 11372.38, 11350.94, 10938.90, 10901.02, 10866.33, and 10569.65 areas during the rapid depreciation. If downside pressure persists, traders will pay close attention to liquidity and Stops around the 10474.65, 10200.39, 10139.11, and 10082.97 levels.  Recently, Stops were elected above the 11761.97 and 11570.81 areas, and traders continue to focus on...

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ETH/USD Tests Major 418.79 Level: Sally Ho's Technical Analysis 2 August 2020 ETH

Ethereum (ETH/USD) gave back some recent gains early in today’s North American session as the pair depreciated to the 351.11 area after trading as high as the 415.00 area during the Asian session, its strongest print since August 2018.  Stops were elected above the 366.48 and 369.26 areas during the move higher, and then some accounts hunted for Stops and drove the pair lower to the 325.75 area.   The market tested the 418.79 level, an area that represents the 61.8% retracement of the historical depreciation from 627.83 to 80.60.  Additional upside price objectives include the 425.31, 437.31, and 454.79 areas. ...

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BTC/USD Contemplating 12268.47: Sally Ho's Technical Analysis 2 August 2020 BTC

Bitcoin (BTC/USD) remained bid above the psychologically-important 11000 figure early in today’s Asian session as bulls attempt to push the pair above the 11761.97 area that was reached during yesterday’s European session, its strongest print since August 2019. Stops were elected above the 11570.71 area during the climb higher, and traders are now focusing on the 12268.47 and 12311.39 areas as upside price objectives.  During the recent appreciations to a series of fresh 2020 peaks, Stops were elected above the 11026.97, 11115.62, 11340.92, 11399.17, and 11407.81 areas.  Last week, bids emerged around the 10811.00 on a pullback lower, just above the 10805.22 area...

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ETH/USD Hotter than Baghdad in August: Sally Ho's Technical Analysis 1 August 2020 ETH

Ethereum (ETH/USD) continued its recent ascent early in today’s North American session as the pair appreciated to the 360.82 area after trading as low as the 343.23 area during the Asian session.  Stops were elected above the 350.44 and 354.22 areas during the ascent higher, and upside price objectives remain the 366.48 and 369.26 levels.  During last week’s appreciation, Stops were triggered above the 336.10, 337.33, and 342.29 levels, and traders will pay close attention to see how ETH/USD reacts around these levels during retracements lower.  Last week, bids emerged just above the 314.07 area, a level that represents the...

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BTC/USD Ends July on a Strong Note: Sally Ho's Technical Analysis 1 August 2020 BTC

Bitcoin (BTC/USD) continued to orbit the 11000 level early in today’s Asian session as traders wait to see if the pair is able to move above its recent high of 11420.00 in August, its strongest print since August 2019.  Late this week, bids emerged around the 10811.00 on a pullback lower, just above the 10805.22 area that represents the 23.6% retracement of the recent appreciating range from 8815.01 to 11420.00.  During the move to a fresh 2020 peak, Stops were elected above the 11026.97, 11115.62, 11340.92, 11399.17, and 11407.81 areas.  Upside price objectives include the 11510.44 and 11604.29 areas.  Recently, traders have lifted...

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