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BTC/USD Supported at 9434 Technicals on Pullback: Sally Ho's Technical Analysis 19 May 2020 BTC

Bitcoin (BTC/USD) maintained its recent upward bias early in today’s Asian session as traders continued to gravitate towards the psychologically-important 10000 figure following the pair’s recent upward movements from the 8106.70 area.  After peaking around the 9957.25 area during yesterday’s Asian session, the pair came off to the 9436.97 area during yesterday’s European session.  This area was right around the 38.2% retracement of the recent depreciation from 9943.93 to 9120.00.  Despite an acute downward move from the 10079 area just over one week ago, BTC/USD has been steadily bid higher from the 3858 area in March following its rapid descent...

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Will Bitcoin Fill The CME Futures Gap?

The price of Bitcoin left a gap over the weekend which has still not been filled. It attempted to partially fill it but we still need to see another move down to fill the gap completely. It appears that if BTC/USD were to fall again to fill the gap, it would have to break below a key trend line support. If the price ends up closing below that support, we might be looking at the beginning of a major downtrend. So far, it has not happened but nothing has happened on the bullish side either. In order for us to...

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ETH/USD Bulls Take Out 215.48: Sally Ho's Technical Analysis 18 May 2020 ETH

Ethereum (ETH/USD) continued to add to its ongoing bullish sentiment during today’s North American session as traders continue to manage market risk above the psychologically-important 200.00 figure.  Traders lifted the pair to the 216.99 area during today’s European session before it came off, essentially around the same 217.00 resistance area the pair encountered earlier in May.  Bullish sentiment remains ongoing following the pair’s improvement from the 90.00 level in March.  During the climb higher, Stops were elected above the 214.40, 215.48, and 216.61 levels.  Stops were also recently elected above the 202.73 level during the ascent higher, an upside price...

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BTC/USD Charges Higher and Grabs Stops Above 9767: Sally Ho's Technical Analysis 18 May 2020 BTC

Bitcoin (BTC/USD) retained a relatively positive bias early in today’s Asian session as traders continued to eye the psychologically-important 10000 figure following the pair’s recent upward movements from the 8106.70 area.  Traders lifted the pair back above the 9750.51 area during yesterday’s European session, a level that represents an upside price objective related to the March low of 3858.  Stops were elected above the 9749.48 area during the recent ascent higher, a level that represents the 76.4% retracement of the recent depreciation from 9943.93 to 9120.00.  Despite an acute downward move from the 10079 area just over one week ago,...

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ETH/USD Bulls Gobble Stops Above 208.76: Sally Ho's Technical Analysis 17 May 2020 ETH

Ethereum (ETH/USD) added to recent gains and reclaimed the psychologically-important 200.00 figure during today’s North American session as the pair continues to experience relatively bullish market sentiment following its improvement from the 90.00 level in March.  Stops were elected above the 202.73 level during the ascent higher, an upside price objective that represents the 76.4% retracement of the depreciation from 206.25 to 191.35.   Additional Stops were triggered above the 205.44 area, representing the 76.4% retracement of the recent depreciation from 214.40 to 176.43, followed by Stops that were elected above the 207.43 area, representing the 76.4% retracement of the depreciation...

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