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Bitcoin Bulls Lose Control Before Halving

Bitcoin saw a deadly crash over the weekend. The vast majority of Bitcoin bulls were caught off-guard. We saw more than $200 million in long positions liquidated but the bulls remained hopeful expecting the $1,500 gap would be filled next week when CME Futures start trading. The week has now started in the green and as we can see on the 4H chart for BTC/USD, there is a good chance that we see a rally towards $10k again. The Ichimoku cloud and trend line support forms a confluence of support for Bitcoin to attempt a move higher from here but...

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ETH/USD Technicals at Play as 193.15 Caps: Sally Ho's Technical Analysis 11 May 2020 ETH

Ethereum (ETH/USD) extended its sideways trading pattern during today’s North American session as the pair climbed to the 193.77 area, above the 191.23 area that represents the 23.6% retracement of the recent depreciation from 227.54 to 180.01.  Notably, this intraday high was just above the 193.15 area that represents the 38.2% retracement of the recent depreciation from 214.40 to 180.01.  The next upside retracement levels in this range include the 197.21, 201.26, and 206.28 areas.  During a pullback in today’s European session, the pair was supported around the 183.89 area, right around an upside price objective related to buying pressure...

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BTC/USD Crashes Through Many Stops: Sally Ho's Technical Analysis 11 May 2020 - BTC

Bitcoin (BTC/USD) managed to reclaim some losses early in today’s Asian session as the pair traded as high as the 8840.04 area after precipitously declining during yesterday’s Asian session, trading as low as the 8106.70 area following its peak around the 10079 area late last week.  Several Stops were elected during the sharp move lower, including below retracement levels that include the 9223.97, 8695.01, and 8267.50 levels.  Additional Stops were triggered below downside price objectives related to the 10079 selling pressure, and these levels include the 9854.42, 8896.80, 8388.32, and 8201.29 levels.  Following the sharp move, longer-term BTC/USD bears are...

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April's 180.17 Technical Level Supports ETH/USD - But for How Long? Sally Ho's Technical Analysis 10 April 2020 ETH

Ethereum (ETH/USD) remained quite volatile during today’s North American session as the pair traded as low as the 180.33 level one day after the pair dramatically fell from the 214.44 area to the 180.01 area in very short order.  The pair depreciated from the 210.06 area to the 180.01 level in less than one hour, with many Stops elected along the way.  These areas were Stops were reached were below the 197.16 and 187.79 levels, representing the 38.2% and 50% retracements of the recent appreciation from the 148.08 area to the 227.50 level.  The 187.86 area also represents the 38.2%...

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Traders Reload at 9525 For Another BTC/USD Shot at 10000: Sally Ho's Technical Analysis 10 May 2020 - BTC

Bitcoin (BTC/USD) remained in consolidation mode early in today’s Asian session after the pair came off to the 9525 level during yesterday’s European session, its weakest level after trading as high as the 10079 area during last week’s breach of the psychologically-important 10000 figure.  Some Stops were elected below the 9575.05 level during the pair’s depreciation, an upside price objective related to buying pressure that emerged around the 3858 area in March.  Bids later emerged around this level during yesterday’s North American session and propelled the pair higher.  Traders are observing the recent depreciating range of 10079 to 9525 and...

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