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Bitcoin Bulls Have Finally Attacked

The bulls have finally charged and attacked the ranks and files of Bitcoin bears who have been parading around celebrating their short-lived victory over the bulls. We warned last week that the bearishness in BTC/USD would not last for long and that one final move to the upside was yet to be seen. Now that the new week has begun, Bitcoin has pumped past $9.2k and is eyeing further upside. Many bears were taken aback by this move but those that heeded our warning from last week are now prepared and in a better position to capitalize on this recent...

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ETH/USD Bulls Attack 237 Area: Sally Ho's Technical Analysis 6 July 2020 ETH

Ethereum (ETH/USD) extended yesterday’s gains early in the North American session as the pair traded as high as the 237.63 area before settling back to the 236.11 level.  Stong buying pressure emerged around the 223.50 area during the Asian session, and significant Stops were elected above the 234.38 area, representing the 50% retracement of the recent depreciation from 253.60 to 215.16.  Stops were also reached above the 228.70 area, representing the 23.6% retracement of the recent appreciation from 148.08 to 253.60.  Additional Stops were triggered above the 236.10 area, representing the 61.8% retracement of the depreciation from 249.04 to 215.16. ...

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BTC/USD Bears Eyeing Some Longer-Term Targets Below 9000: Sally Ho's Technical Analysis 6 July 2020 BTC

Bitcoin (BTC/USD) remained relatively weak early in today’s Asian session as the pair continues to orbit the psychologically-important 9000 figure after being capped around the 9195.84 area during yesterday’s Asian session, just above the 9188.22 area that represents the 38.2% retracement of the depreciation from 9792.00 to 8815.01.   Traders were unable to test the 9212.43 area during the brief move higher, a level that represents the 76.4% retracement of the recent depreciation from 9297.20 to 8838.00.  Following the pair’s ongoing relative weakness, traders are carefully monitoring downside retracement levels including the 8695.01, 8680.35, and 8654.53 levels.  Traders continue to observe...

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ETH/USD Bears Eyeing a Test of 222.95: Sally Ho's Technical Analysis 5 July 2020 ETH

Ethereum (ETH/USD) remained on the defensive early in the North American session after trading as low as the 223.53 area during today’s European session.  Some Stops were elected below the 223.97 area, representing the 50% retracement of the recent appreciation from 215.16 to 232.77.  Traders stopped just short of testing the 233.16 area, a level that represents the 23.6% retracement of the recent depreciation from 249.04 to 215.16.  Not too far below current price activity, traders are waiting to see what will happen around the 222.95 area, representing the 23.6% retracement of the recent appreciation from 123.72 to 253.60.  Traders...

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Trading Anticipating BTC/USD Breakout - But Which Direction? Sally Ho's Technical Analysis 5 July 2020 BTC

Bitcoin (BTC/USD) slightly extended its downward pressure early in today’s North American session as the pair recently weakened to the 9039.84 area after running out of steam around the 9103.11 area during yesterday’s Asian session.  Traders have kept the pair confined to a relatively tight range after it weakened from the 9297.20 area last week.  Minor Stops were recently elected below the 9048.50 area, representing the 50% retracement of the recent appreciation from 8938.00 to 9159.00.  Traders continue to observe the 9045.58 area as an important technical level that represents the 23.6% retracement of the recent depreciation from 9792.00 to...

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