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Bitcoin Bear Trap Before The Crash?

Bitcoin traders are confused as to the direction of the market as BTC/USD has been trading sideways for a long time. This usually gets too boring for most traders and they assume this means the market has run out of steam and is ready to keel over. While we do expect a major crash in Bitcoin, one that would probably put the crash from March to shame, it is important to realize that it is not going to happen when everyone is expecting it.- Crypto Twitter plays a major role in shaping retail sentiment in this market. We have noticed...

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241.02 Technical Area Emerges as Short-Term ETH/USD Resistance: Sally Ho's Technical Analysis 14 July 2020 ETH

Ethereum (ETH/USD) rallied higher early in today’s North American session as the pair traded as high as the 241.09 level after trading as low as the 236.66 area during today’s European session.  Technical resistance emerged just above the 241.02 area earlier in the North American session, representing the 50% retracement of the recent depreciation from 245.37 to 236.66.  The depreciating range’s next upside retracement levels include the 242.04, 243.31, and 243.51 levels.  Traders observe that the pair has recently tested and managed to remain above the 236.25 level, an area that represents the 50% retracement of the recent appreciation from...

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9343.51 Emerges as Key BTC/USD Level: Sally Ho's Technical Analysis 14 July 2020 BTC

Bitcoin (BTC/USD) extended recent gains early in today’s Asian session as the pair continued to recover from its recent low around the 9118.00 area, the level it reached late last week after traders drove the price lower from the 9475.00 area.  Buying pressure emerged around the 9254.37 level during yesterday’s European and North American sessions, representing the 38.2% retracement of the recent depreciation from 9475.00 to 9118.00.  Traders are observing the 9296.50, 9338.63, and 9390.75 areas as upside targets, representing the 50%, 61.8%, and 76.4% retracements of the recent depreciation from 9475.00 to 9118.00.  Stops were elected below the 9340.68,...

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Decisive Bitcoin Moves Up Ahead

The cryptocurrency market seems to be on the verge of a major move. Volume is drying up and we are now at a point where the stakes are too high. BTC/USD is still trading within a symmetrical triangle and the bulls and the bears continue to be heavily divided over the future direction of this market. The next big move is near and it is going to be decisive. In both the stock market and the cryptocurrency market, the majority of the stakeholders want the market to remain bullish. This is how they make most of their money. However, when...

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243.85 Emerges as Key ETH/USD Technical Level: Sally Ho's Technical Analysis 13 July 2020 ETH

Ethereum (ETH/USD) appreciated early in today’s North American session as the pair traded as high as the 245.37 level after trading as low as the 236.51 area during yesterday’s North American session.  Earlier in yesterday’s North American session, the pair spiked to the 243.90 level before coming off, a level that represents the 61.8% retracement of the recent depreciation from 248.98 to 235.56.  Stops were eventually elected above this level during today’s European session, with bids later emerging around this level during the North American session.  The next upside levels in this depreciating range include the 245.81 and 246.11 levels. ...

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