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BTC/USD Reloads at 10532 in Pursuit of 11000: Sally Ho's Technical Analysis 9 October 2020 - BTC

Bitcoin (BTC/USD) sought a fresh market bias early in today’s Asian session as the pair continued to recover from the 10532.11 low established early in yesterday’s North American session after running into a roadblock around the 10683.75 level, representing a test of the 38.2% retracement of the recent depreciation from 12086 to 9819.83.  The pair was lifted higher to the 10963.16 area during yesterday's North American session.  Traders are paying close attention to some upside retracement levels including the 10697.05, 10714.92, 10797.88, and 10810.38 areas.  Other additional technically significant areas include the 10657.56, 10700.03, 10933.36, and 10956.34 levels.   Market sentiment appears to continue...

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ETH/USD Eyeing 344.10 on Recovery: Sally Ho's Technical Analysis 8 October 2020 ETH

Ethereum (ETH/USD) recovered some lost ground early in today’s North American session as the pair appreciated to the 339.49 area after trading as low as the 334.29 area during the European session, right around a previous relative low in a depreciating range from the 370.25 area.  The pair traded as high as the 342.36 area during the Asian session before moving to intraday lows.  One depreciating range that traders are carefully monitoring is the recent move from 355.33 to 332.87, with the range’s next upside retracement levels being 344.10, 346.75, and 350.03.  Traders are observing that the 50-hour simple moving...

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Can BTC/USD Establish a Base Above 10657.56? Sally Ho's Technical Analysis 8 October 2020 BTC

Bitcoin (BTC/USD) staged a recovery early in today’s Asian session as the pair again approached the 10700 level after trading as low as the 10524.00 area during yesterday’s Asian session.  Traders took the pair as high as the 10683.75 level during yesterday’s North American session, a test of the 10685.51 level that represents the 38.2% retracement of the recent depreciating range from 12086.00 to 9819.83.  Traders are paying close attention to some upside retracement levels including the 10697.05, 10714.92, 10797.88, and 10810.38 areas.  Other additional technically significant areas include the 10657.56, 10700.03, 10933.36, and 10956.34 levels.   Market sentiment appears to continue to...

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Technical Bids at 332.87 Support ETH/USD: Sally Ho's Technical Analysis 7 October 2020 ETH

Ethereum (ETH/USD) moved higher in today’s North American session as the pair appreciated to the 342.83 area after trading as low as the 332.87 area during the Asian session, right around the 50% retracement of the recent appreciation from 313.00 to 353.14.   Traders tested the 343.03 area, representing a test of the 78.6% retracement of the recent appreciating range from 337.63 to 362.86.  Additional downside retracement levels include the 342.57, 342.06, 340.20, 339.37, 338.88, and 337.90 areas.  Traders are observing that the 50-bar 4-hourly simple moving average has recently bullishly crossed above the 100-bar 4-hourly simple moving average.  Traders recently...

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BTC/USD Support Above 10647.87 Keeps 11000 in Sight: Sally Ho's Technical Analysis 7 October 2020 BTC

Bitcoin (BTC/USD) continued its approach of the 11000 figure early in today’s Asian session as the pair maintained its upward bias following its ascent to the 10800 area during yesterday’s Asian session.  Profit-taking emerged and knocked BTC/USD lower to the 10650.00 area after Stops were elected below the 10697.05 area, representing the 23.6% retracement of the recent appreciating range from 10363.76 to 10800.  The pullback also represented a test of the 10647.87 area, representing the 50% retracement of the wider depreciating range from 10931.38 to 10363.76.  Additional retracement levels in this depreciating range include 10580.82 and 10497.86, and additional retracement levels in...

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