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ETH/USD Looking for Market Sentiment Below 200: Sally Ho's Technical Analysis 28 April 2020 ETH

Ethereum (ETH/USD) shied away from the 200.00 figure in today’s North American session as the pair declined to the 195.49 level after trading as high as the 197.95 area earlier in the North American session, just below the 198.09 area that represents an upside price objective related to buying pressure that originated around the 90.00 area in March.  During a pullback during yesterday’s North American session, the pair traded as low as the 189.60 area, just above the 189.23 level that represents the 50% retracement of the recent appreciation from 178.46 to 200.00.  Additional downside targets related to this range...

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BTC/USD Bears Eyeing Bids at 7626.95: Sally Ho's Technical Analysis 28 April 2020 BTC

Bitcoin (BTC/USD) continued to drift lower early in today’s Asian session as the pair was unable to sustain a move to the 7810.99 level during yesterday’s Asian session and came off to the 7635.69 level during yesterday’s North American session.  Stops were elected below the 7650.17 level during the depreciation in yesterday’s North American session, a level that represents the 38.2% retracement of the appreciation from 7390.00 to 7810.99.  Some clues emerged during yesterday’s European and North American sessions regarding the short-term direction of BTC/USD when the pair encountered selling pressure around the 7735.24 level, representing the 23.6% retracement of...

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ETH/USD Backs Away from 200 After Test: Sally Ho's Technical Analysis 27 April 2020 ETH

Ethereum (ETH/USD) moved lower from recent gains in today’s North American session as the pair traded as low as the 189.60 area after trading as high as the 200.00 figure during yesterday’s North American session.  During a move higher during today’s Asian session, the pair encountered additional selling pressure around the 199.41 area, suggesting the pair’s short-term sentiment could be negative after the pair was unable to move back above the psychologically-important 200.00 figure.  Stops were elected below the 192.07 level during today’s North American session, a level that represents the 23.6% retracement of the recent appreciation from 166.40 to...

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Bitcoin Traders Scared Of Halving?!

It seems that a large number of retail traders are actually scared of being long on the market fearing that halving could turn out to be a major bull trap. It is interesting how narrative building works in this market. Traders just crave for a popular opinion in this market whether bullish or bearish and then they follow it absolutely. So, if it is a bullish theory, they think BTC/USD will fly to the moon. If it is a bearish theory, they think it is going to crash into the ground. This is the kind of approach that leads to...

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BTC/USD at 8000 This Week? Sally Ho's Technical Analysis 27 April 2020 BTC

Bitcoin (BTC/USD) continued to test recent gains early in today’s Asian session as the pair sought to establish new recent highs above the 7600 level after trading as high as the 7715.00 level during yesterday’s North American session.  Traders had Saturday’s daily high of 7720.00 in view that was reached after Stops were elected above the 7627.93 and 7684.14 levels, representing the 61.8% and 76.4% retracements of the recent depreciation from 7775.00 to 7390.00.  Traders are looking to see if the pair can establish technical support around the 7684.14 level, and are again eyeing the 8000 figure as a psychologically-important...

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