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9656 an Early Hurdle for BTC/USD: Sally Ho's Technical Analysis 4 June 2020 BTC

Bitcoin (BTC/USD) continued to orbit the 9500 level in today’s Asian session as the pair encountered buying pressure around the 9385.22 level during yesterday’s European session and was capped around the 9649.99 area during yesterday’s North American session.  Earlier this week, the pair fell sharply from the 10428 area to the 9270 area and Stops were reached below the 10004.36, 9742.28, 9530.47, and 9318.65 areas, retracement levels related to the recent appreciation from 8632.93 to 10428.00.   Another very important range is the appreciation from 8106.70 to 10428.00, and Stops were triggered below some of its related retracement levels including the...

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Bitcoin Crashed. What To Do Next?

The price of Bitcoin crashed just after our last video analysis in which we clearly said that this was one of the biggest bull traps in Bitcoin history and that it was very unlikely for the price to begin an uptrend above $10k even though it was a break of a strong psychological resistance. The reason we said that was because we are still in distribution, not accumulation. To understand what happens short-term, it is important to pay attention to what happens long-term. The bigger play here is very obvious and that is the whales and miners trying to get...

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Lack of Traction Above 240.16 is ETH/USD Bearish: Sally Ho's Technical Analysis 3 June 2020 ETH

Ethereum (ETH/USD) traded mostly sideways during today’s North American session as the pair traded as high as the 240.62 area after trading as low as the 233.28 area during today’s European session.  Traders were unable to take the pair too far above the 240.16 level during its move higher, a level that represents the 23.6% retracement of the recent appreciation from 196.65 to 253.60.  Earlier this week, ETH/USD depreciated sharply to the 225.60 area after being capped around the 253.60 area.  Traders continue to focus on the 242.09 area that represents an upside price objective related to buying pressure that...

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BTC/USD Plummets and Tests 200-Hour SMA: Sally Ho's Technical Analysis 3 June 2020 BTC

Bitcoin (BTC/USD) continued to claw back from sharp losses early in today’s Asian session as the pair tried to reclaim the 9500 level after trading as high as the 10428 area during yesterday’s Asian session, its strongest print since February.  During yesterday’s Asian session, traders elected Stops above the 10316.39 area, an upside price objective related to buying pressure that originated around the 3858 area in March.  When the pair came off during yesterday’s North American session, Stops were reached below the 10004.36, 9742.28, 9530.47, and 9318.65 areas, retracement levels related to the recent appreciation from 8632.93 to 10428.00.  Another...

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ETH/USD Gives Back 10% in Quick Move Lower: Sally Ho's Technical Analysis 2 June 2020 ETH

Ethereum (ETH/USD) fell sharply during today’s North American session as the pair weakened to the 225.60 area after being capped around the 253.60 area during the European session, a fresh multi-week high.  Stops were elected below some key levels during the pullback, including the 242.09 area that represents an upside price objective related to buying pressure that emerged around the 90.00 area in March.  Also, Stops were triggered below the 240.16 and 231.85 areas, representing the 23.6% and 38.2% retracements of the recent appreciation from 196.65 to 253.60, but traders stopped short of testing the 50% retracement level at 225.13. ...

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