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Why Bitcoin Will Plunge Below $3k

Bitcoin (BTC) has climbed back above $9.4k in an aggressive move. It has become very clear now that BTC/USD intends to test the main trend line resistance for the third time just like it did in March before the brutal downtrend started. It is important to realize that the uptrend is already broken at this point. We are just waiting for the downtrend to formally begin now. The bulls have lost control but the market makers and whales are not on the side of the bears yet. In fact, they want to shake out some impatient bears before the downtrend...

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ETH/USD Erases 50% of its Pain: Sally Ho's Technical Analysis 16 June 2020 ETH

Ethereum (ETH/USD) recovered from yesterday’s sell-off early in today’s North American session as the pair was lifted to the 235.52 area after bids emerged around the 228.78 area during today’s Asian session, just above the 23.6% retracement of the appreciating range from 148.08 to 253.60.  One level that ETH/USD continues to orbit is the 234.03 area, representing the 50% retracement of the recent depreciating range from 250.26 to 217.79.  The 237.86 level is the next upside retracement level in this depreciating range, followed by the 242.60 area.  Earlier this week, ETH/USD briefly traded below the 218.40 area, representing the 61.8%...

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Is BTC/USD 8695 Back in Jeopardy? Sally Ho's Technical Analysis 16 June 2020 BTC

Bitcoin (BTC/USD) extended its recent weakness early in today’s Asian session as the pair remained pressured around the 9000 figure after trading as low as the 8895.01 area during yesterday’s European session.  Stops were elected below the 8993.44 area during the pullback, representing the 61.8% retracement of the appreciation from 8106.70 to 10428.  More Stops were triggered below the 8910.70 area, an upside price objective related to buying pressure that emerged around the 6456 area in April, after Stops were reached below the 9028.89 area, an upside price objective related to buying pressure the originated around the 3858 area.  Additional...

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Bitcoin Has Begun The Major Downtrend

Bitcoin has finally begun that major downtrend that we have been anticipating for months now. The 4H chart for BTC/USD shows how the price broke one key trend line support after another and it is now at a point where it risks further downside below $9k. It may take a while before it does that but it has become very clear at this point that the bullish momentum is lost and it is only a matter of time that the bears take control. So far, neither the bulls nor the bears are clearly in control. The bullish momentum is gone...

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Traders Grab Stops and Push ETH/USD to June Lows: Sally Ho's Technical Analysis 15 June 2020 ETH

Ethereum (ETH/USD) stabilized early in today’s North American session as the pair traded as high as the 223.91 area after steadily weakening to the 217.79 area during the Asian and European sessions.  The pair was pressured lower from the 235.81 area during yesterday’s North American session and Stops were elected below the 229.79 and 222.44 areas, representing the 38.2% and 50% retracements of the recent appreciation from 191.27 to 253.60.  Stops were also triggered below the 225.13 level, representing the 50% retracement of the narrower appreciation from 196.65 to 253.60.  Additional selling pressure may see the 218.40 and 215.08 levels...

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