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Bitcoin Bulls Rock The Market

Bitcoin bulls have pulled it off again and the price is now in the $9.5k region having successfully hit our previously anticipated target. Just when the majority of retail traders were expecting BTC/USD to go down, it shot up and liquidated many shorts along the way. The bulls are still not backing down just yet. If other major markets continue to share a bullish outlook, we could see another pump in Bitcoin. There is no denying that the larger trend is bearish and Bitcoin and the rest of the crypto market is primed for major correction after this bullish move...

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Will ETH/USD Hold Above 253.60? Sally Ho's Technical Analysis 23 July 2020 ETH

Ethereum (ETH/USD) attempted to sustain yesterday’s strong move higher early in today’s North American session as the pair traded as high as the 265.81 level after trading as low as the 260.10 level during the Asian session.  During yesterday’s North American session, ETH/USD found a bid from the 243.59 area and acute buying pressure propelled the pair as high as the 269.49 area before some profit-taking ensued.  Notably, the pair encountered technical resistance around the 269.66 area, representing the 61.8% retracement of the depreciation from 364.49 to 116.25.  Upside price objectives including 260.23 and 262.90 were easily absorbed during the...

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BTC/USD Troubled by 9357.50: Sally Ho's Technical Analysis 23 July 2020 BTC

Bitcoin (BTC/USD) attempted to regain some traction early in today’s Asian session as the pair continued to inch closer to its recent high of 9438.00.   Bids emerged around the 9277 area during yesterday’s European session and traders have encountered some technical resistance around the 9357.50 area, representing the 50% retracement of the recent depreciation from 9438 to 9277.  Related upside retracement levels include the 9376.50, 9400.00, and 9403.55 areas.  Traders are carefully observing the 9431.17 level as an important technical level, representing the 38.2% retracement of the broader deprecation from 10428.00 to 8815.01.  Traders are closely monitoring recent depreciating ranges...

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Bitcoin (BTC) Bulls Are Not Giving Up Just Yet

Bitcoin bulls have been fighting hard recently soon as we saw a break past $9.2k. The recent move down to the 38.2% fib retracement gave the bears a chance to strike once again but it appears that the bullish momentum is not broken yet and the bulls can still push the price higher from current levels to $9.5k or higher. It is important to realize that we don’t have to be in any sort of rush to short BTC/USD. Thera are a lot of traders trying to short the market around $9.3k and slightly higher which is not a good...

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ETH/USD Finds Solid Bid Above 245.06: Sally Ho's Technical Analysis 22 July 2020 ETH

Ethereum (ETH/USD) found a renewed bid early in today’s North American session as the pair traded as high as the 244.58 level after trading as low as the 241.62 level during today’s European session.  Buying pressure emerged around the 242.76 area, just below the 242.93 area that represents the 23.6% retracement of the recent depreciation from 247.18 to 241.62.  Related upside retracement levels include the 245.06, 245.87, and 245.99 areas, and traders will observe to see if these areas are tested if upward momentum is maintained in the short-term.  Earlier this week, Stops were elected above the 241.04, 241.79, 239.39,...

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