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BTC/USD Fade Opens Up 9161 and 9106 to Bears: Sally Ho's Technical Analysis 25 June 2020 BTC

Bitcoin (BTC/USD) failed to sustain recent gains early in today’s Asian session as the pair was trading back below the 9500 level after peaking around the 9694.81 level early in yesterday’s Asian session.  Traders lacked the strength to test the 9842.40 area, representing the 61.8% depreciation of the recent depreciating range from 10428.00 to 8895.01.  Stops were in turn elected below the 9661.51, 9480.61, and 9256.80 levels, representing the 50%, 38.2%, and 23.6% retracements of the depreciating range.  BTC/USD reached the 9195.00 area during yesterday’s North American session, below the 9237.66 area that represents the 61.8% retracement of the recent...

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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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