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Offers Around 9267 Slow BTC/USD's Move Higher: Sally Ho's Technical Analysis 23 May 2020 BTC

Bitcoin (BTC/USD) gave back some earlier gains during today’s Asian session as the pair fell to the 9129.40 area after peaking around the 9267.34 area during yesterday’s North American session.  Stops were elected above the 9060.07 and 9208.54 levels during the move higher, representing the 23.6% and 38.2% retracements of the recent depreciation from 9836.99 to 8820.08.  Additional Stops were reached above the 9242.11 area during the move higher, representing the 38.2% retracement of the appreciation from 8106.70 to 9943.93.  If the pair is able to resume its upward trajectory, traders will pay close attention to levels including the 9328.54,...

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ETH/USD Circles 208.32 After Comeback: Sally Ho's Technical Analysis 22 May 2020 ETH

Ethereum (ETH/USD) continued its comeback during today’s North American session as the pair traded as high as the 209.28 area after trading as low as the 191.27 area during yesterday’s North American session.  Stops were elected above the 197.34, 201.10, 204.13, and 207.16 levels during the move higher, representing the 23.6%, 38.2%, 50%, and 61.8% retracements of the recent depreciation from 216.99 to 191.27.  Traders are very interested to see how the pair reacts around the 208.76 area, representing the 23.6% retracement of the recent appreciation from 148.08 to 227.50.  During ETH/USD’s recent move lower, Stops were elected below the...

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Is A Bitcoin Death Spiral Possible?

Bitcoin came into existence as something that would remedy the ills of fractional reserve banking after the financial crisis of 2008-09. Most new investors that found out about it never asked too many questions as for most of them it was about more than just an investment; it was about a vision. Unfortunately, all of that got lost when we saw groups after groups of quick buck artists and conmen distort Satoshi’s vision. Many Bitcoin traders and investors are bullish long term because they see Bitcoin as something that could become a global currency, at least for the masses if...

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BTC/USD's Rapid Descent Slowed by 8820 Bids: Sally Ho's Technical Analysis 22 May 2020 BTC

Bitcoin (BTC/USD) clawed back from some recent losses during today’s Asian session as the pair moved back above the psychologically-important 9000 figure after declining to the 8800.00 level and electing large Stops below some key levels, including the 9242.11 and 9025.32 areas that represent the 38.2% and 50% retracements of the recent appreciation from 8106.70 to 9943.93.  Buying pressure emerged just below the 8808.52 area, a level that represents the 61.8% retracement of the same appreciating range.  Additional Stops were reached below the 9092.85 and 8860.12 levels during the descent, representing the 50% and 38.2% retracements of the recent depreciation...

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ETH/USD Crashes Below 200 in Quick Move: Sally Ho's Technical Analysis 21 May 2020 ETH

Ethereum (ETH/USD) depreciated sharply during today’s North American session as the pair rapidly fell to the 191.27 level following renewed selling pressure that originated around the 211.52 area during today’s Asian session.  The move below the 196.54 area was bearish as it represents a downside price objective related to selling pressure that originated around the 253.01 area in March.  Stops were elected below the 201.50, 196.72, and 191.93 areas during the move lower today, representing the 61.8%, 50%, and 38.2% retracements of the recent depreciation from 217.00 to 176.43. Additional Stops were elected below the 201.50, 196.71, and 191.92 levels,...

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