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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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Technical Trading Steadies ETH/USD Before Test of 400: Sally Ho's Technical Analysis 13 October 2020 ETH

Ethereum (ETH/USD) attempted to retain some recovered ground early in today’s North American session as the pair appreciated to the 387.34 area after trading as low as the 378.80 area during the European session, a test of the 50-hour simple moving average.  Notably, ETH/USD encountered some technical resistance around the 61.8% retracement of the depreciating range from 394.55 to 375.19.  ETH/USD made strong upward moves during yesterday’s North American session and eventually printed as high as the 395.18 level before profit-taking paused the pair’s possible test of the psychologically-important 400 figure.   This print was just above the 23.6% retracement of...

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BTC/USD Orbiting 11272.86 After Depreciation: Sally Ho's Technical Analysis 13 October 2020 BTC

Bitcoin (BTC/USD) continued to trade below the 11500 level early in today’s Asian session as the pair worked to recover from its recent depreciation from the 11187.60 area during yesterday’s North American session.  Traders drove the pair lower to this level after Stops were elected below the 11272.86 area, representing the 23.6% retracement of the recent depreciating range from 11823.63 to 11102.73.  Market participants are working to discern market sentiment following the pair’s recent high print around the 11498.98 area, just above the 11489.10 level that represents the 38.2% retracement of the depreciating range from 12086.22 to 11120.00.   During Sunday’s North American...

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366.31 Again Emerges as Important Level After ETH/USD Decline: Sally Ho's Technical Analysis 12 October 2020 ETH

Ethereum (ETH/USD) moved lower from the 375.00 level early in today’s North American session as the pair depreciated to the 365.77 area after trading as high as the 375.50 area during the Asian session, a test of the 375.81 area that represents the 61.8% retracement of the depreciating range from 380.00 to 369.02.  Stops were elected below several area of potential technical support during the move lower including 371.61, 369.81, 368.10, 367.74, and 366.31.  Notably, the 366.31 area represents the 38.2% retracement of the recent depreciating range from 384.61 to 355.00.  The pair’s recent high remains the 380.81 level that...

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Bids Around 11272 to Support BTC/USD? Sally Ho's Technical Analysis 12 October 2020 BTC

Bitcoin (BTC/USD) continued to oscillate above the 11000 figure early in today’s Asian session as traders worked to discern market sentiment following the pair’s recent high print around the 11498.98 area, just above the 11489.10 level that represents the 38.2% retracement of the depreciating range from 12086.22 to 11120.00.   Strong buying pressure emerged around the 10532.11 area late last week, and Stops were elected above the 10962.34 area, a level that represents the 61.8% retracement of the recent appreciating range from 8055.91 to 13868.44.  Stops were also elected above many additional upside price objectives including the 11120, 11179.90, 11272.86, 11378.11, 11409.40, and...

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