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BTC/USD Bulls Eyeing 9880.17 as Upside Target: Sally Ho's Technical Analysis 11 June 2020 BTC

Bitcoin (BTC/USD) remained within striking distance of the 10000 figure early in today’s Asian session as the pair remained buoyed above the 9700 area after traders took the pair lower to the 9705.02 area during yesterday’s European session.  Traders were able to push the pair as high as the 9845.00 area during yesterday’s Asian session, testing the 50% retracement of the recent depreciation from 10428.00 to 9270.00.  The markets are waiting to see if BTC/USD can get back above the 9880.17 level, representing the 23.6% retracement of the recent appreciation from 8106.70 to 10428.00.  Also, traders are waiting to see...

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Is Bitcoin Going To Be The Global Reserve Currency?

Bitcoin is getting ready to finally make a move. The price action for the past several days has been pretty tedious and investors are now wondering where the market might be headed next. My long term view remains unchanged and I still see BTC/USD declining down to $3k or lower before the end of the year. For now, the most probable scenario is that we would see a sharp decline that would catch a lot of retail bulls off guard. Now, whether or not that decline happens with or without a fakeout remains to be seen. It is quite clear...

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ETH/USD Eyes 243.99 Hurdle in Short-Term: Sally Ho's Technical Analysis 10 June 2020 ETH

Ethereum (ETH/USD) erased some earlier losses during today’s North American session as the pair appreciated to the 243.65 area, right around the 38.2% retracement of the recent appreciation from 240.84 to 245.40.  Stops were elected below the 243.12 area during today’s European session, a level that represents the 50% retracement of the appreciating range.  Traders are waiting to see if the pair can reclaim the 249.99 area, representing the 61.8% retracement of an earlier depreciation from 247.90 to 237.67.  Above recent price activity, upside price objectives include the 260.23 and 262.90 areas. Recently, Stops were elected above the 216.99 and...

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BTC/USD Creeps Higher After Run to 9886: Sally Ho's Technical Analysis 10 June 2020 BTC

Bitcoin (BTC/USD) crept higher early in today’s Asian session as the pair climbed to the 9820.00 area after trading as low as the 9567.33 area during yesterday’s Asian session, a level it fell to after briefly trading above the 76.4% retracement of the recent appreciation from 8106.70 to 10428.00.  Traders are waiting to see if the pair can move back above the 9849.00 area, representing the 50% retracement of the recent depreciation from 10428.00 to 9270.00.  One recent trading range is the recent appreciation from 9270 to 9888, and the 9742.15 area represents the 23.6% retracement of this range, another...

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Why Historical 302.20 Print for ETH/USD Mattered Today: Sally Ho's Technical Analysis 9 June 2020 ETH

Ethereum (ETH/USD) extended its tight trading range during today’s North American session as the pair fell to the 240.84 level after trading as high as the 249.99 area during today’s Asian session, right around the 76.4% retracement of the depreciation from 302.20 to 80.60.  The pair had traded as low as the 234.48 area over the weekend as it tested the 234.12 level, representing the 61.8% retracement of the recent appreciation from 225.60 to 247.90.  Above recent price activity, upside price objectives include the 260.23 and 262.90 areas. Recently, Stops were elected above the 216.99 and 227.50 areas and traders...

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