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BTC/USD Tests 7751 Technical Target: Sally Ho's Technical Analysis 24 April 2020 BTC

Bitcoin (BTC/USD) pared some strong gains early in today’s Asian session as the pair traded as high as the 7621.82 level after trading as high as the 7775.00 area during yesterday’s North American session, its strongest print since the pair’s acute depreciation in the first half of March.  Significant Stops were elected above the 7497.49 level during the move higher, a downside price objective related to selling pressure that intensified around the 7986.48 level in the first half of March.  Additional Stops were triggered above the 7584 and 7661 levels during the pair’s ascent, with more being elected above the...

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ETH/USD Has 200 in Sight: Sally Ho's Technical Analysis 23 April 2020 ETH

Ethereum (ETH/USD) moved to multi-week highs in today’s North American session as the pair traded as high as the 194.86 level after Stops were elected above the 191.22 level, a recent relative high established earlier this week.  The pair stopped short of testing the 196.54 level, a downside price objective related to selling pressure that intensified around the 252.99 level in early March.  The 184.01 area remains an important technical level for the pair, an upside price objective related to buying pressure that emerged around the 90.00 level in March.  Nearby levels of technical significance include the 198.09 and 199.16...

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Biggest Bitcoin Bull Trap In The Making

The price of Bitcoin has seen some minor retracements here and there but it seems ready to shoot towards $8k and potentially higher than that towards $8.4k-$9k to fill the CME Futures gap in the wake of Bitcoin halving. We would once again see a large number of retail bulls get overly excited and this time, they might be walking into the biggest bull trap in Bitcoin history. While we know that BTC/USD is printing a major bear flag which is very likely to lead to a major decline in the weeks and months ahead, we also know that this...

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BTC/USD Bulls Eyeing 7308 Again: Sally Ho's Technical Analysis 23 April 2020 BTC

Bitcoin (BTC/USD) extended recent gains early in today’s Asian session as the pair continued to appreciate above the psychologically-important 7000 figure following its move to the 7141.05 area during yesterday’s North American session.  Stops were elected above the 7028.36 and 7094.36 levels during the move higher, levels that represents the 50% and 61.8% retracements of the recent depreciation from 7308.00 to 6748.72.  Traders are curious to see how price activity will react around the 7176.01 area, a level that represents the 76.4% retracement of the depreciating range.  Last week, upward momentum emerged around the 6456.00 area, driving the price back...

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ETH/USD Eyeing 184.01 Again: Sally Ho's Technical Analysis 22 April 2020 ETH

Ethereum (ETH/USD) sought to maintain gains early in today’s North American as the pair extended its recovery above the 170.00 level after trading as high as the 182.77 level during yesterday’s North American session.  Stops were elected above the 180.28 level during the move higher, a level that represents the 76.4% retracement of the depreciation from 191.22 to 166.40.  Additional Stops were triggered above the 181.04 area during the ascent, a technical level that represents the 23.6% retracement of the appreciation from 148.08 to 191.22.  Traders are interested to observe how ETH/USD will react around the 184.01 area, an upside...

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