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If bitcoin does return to its highs, it won’t be the same as 2017

In 2017, bullish activity spread throughout the industry and saw cryptocurrencies of all kinds spike in price. Biggest of which was the leading cryptocurrency, bitcoin.  In 2017, bullish activity spread throughout the industry and saw cryptocurrencies of all kinds spike in price. Biggest of which was the leading cryptocurrency, bitcoin. In this time, around six months, bitcoin rose from $1000 to $20,000 and even though the effect that it had is long gone, people are wondering whether something like this could ever happen again in the future. One enthusiast of cryptocurrency has given his opinion on the matter saying that...

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ETH/USD Capped Around 249 and Then Crumbles: Sally Ho's Technical Analysis 24 June 2020 ETH

Ethereum (ETH/USD) reclaimed some of its lost ground early in today’s North American session as the pair appreciated to the 240.00 figure after trading as low as the 236.55 area during the European session.  Traders began dumping ETH/USD from the 249.04 area during the Asian session, eventually electing Stops below the 243.48, 240.05, and 237.27 levels.  These areas represent the 23.6%, 38.2%, and 50% retracement levels of the recent appreciation from 225.50 to 249.04.  The next downside retracement levels in this appreciating range include the 234.79 and 231.14 areas.  Above the recent market high, traders are eyeing the 247.61 level...

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BTC/USD Looking for 9530 Support and at 9842 Limits: Sally Ho's Technical Analysis 24 June 2020 BTC

Bitcoin (BTC/USD) moderated early in today’s Asian session as traders contemplated the pair’s recent appreciation that saw it escalate higher to the 9792.00 area, its strongest print since earlier this month.  Stops were elected above the 9661.51 area during the ascent, representing the 50% retracement of the recent depreciation from 10428.00 to 8895.01.  The next upside retracement levels in this range include the 9842.40 and 10066.21 levels, and traders will be curious to see if these levels will be challenged.  Traders are working to determine if market sentiment is likely to improve or weaken from current levels. Traders finally managed...

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Bitcoin Big Picture Remains Unchanged

Bitcoin has finally tested the $9.7k mark as we expected. It ended up rallying slightly higher than that before it started to decline. We expected BTC/USD to test the trend line resistance for the third time which has now finally happened. At this point, we are looking for the price of Bitcoin to decline to the bottom of the descending triangle which would pull it to somewhere around $9.2k. If it finds support there, there would be the possibility of a fake out before a formal downtrend ensues. However, if it follows the previously printed fractal, we would expect it...

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ETH/USD Tests a Big Level from Early June: Sally Ho's Technical Analysis 23 June 2020 ETH

Ethereum (ETH/USD) attempted to extend some recent gains early in today’s North American session as the pair appreciated to the 243.74 level after trading as low as the 240.73 area during the Asian session.  Traders observe that ETH/USD tested the 246.99 area during the Asian session, a retracement level that represents the 76.4% retracement of the depreciation from 253.60 to 225.60.  The pair is now orbiting the 242.60 area, representing the 76.4% retracement of the recent depreciation from 250.26 to 217.79.  Above the recent market high, traders are eyeing the 247.61 level as another hurdle with some Stops likely in...

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