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Sally Ho's Technical Analysis 30 April 2019

Bitcoin Bitcoin (BTC/USD) appreciated during today’s Asian session, trading as high as the 5165.49 area after Bids emerged around the 5100.00 figure late in yesterday’s North American session. The pair was challenged around the 5176.07 area during yesterday’s European and North American sessions, a key level we continue to spotlight that represents the 38.2% retracement of the 8488.00 – 3128.89 range. Early in yesterday’s European session, the pair was driven lower and Bids emerged around the 5078.52 area, representing the 76.4% retracement of the move from 4901.99 to 5650.01 and another level we have noted. Above the current range, the...

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Sally Ho's Technical Analysis 29 April 2019

Bitcoin Bitcoin (BTC/USD) encountered some buying pressure early in today’s Asian session as the pair climbed higher to the 5172.26 area after trading as low as the 5101.00 figure during yesterday’s North American session. Price activity continues to swirl around the technically-relevant 5176.07 area, representing the 38.2% retracement of the move from 8488.00 to 3128.89. Another key level that the pair has been unable to breach in recent days is the 5225.44 level, representing the 38.2% retracement of the 5650.01 – 4963.00 range. BTC/USD will also need to contend with the 100-bar MA (4-hourly) on a move higher, currently around...

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Sally Ho's Technical Analysis 28 April 2019

Bitcoin Bitcoin (BTC/USD) encountered some profit-taking early in today’s Asian session after the pair tested Offers around the 5221.24 level, just below the 5225.44 area, representing the 38.2% retracement of the 5650.01 – 4963.00 range. Today’s intraday high is also just below the 100-bar MA (4-hourly) which came in at 5235.03 during the move higher. During today’s pullback, the pair dropped to the 5162.12 area and continues to orbit the 5176.07 area that we have written about extensively. Some Bids emerged yesterday around the 5125.13 area, a short-term retracement area, and chartists are looking to see if any additional weakness...

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Sally Ho's Technical Analysis 27 April 2019

Bitcoin Bitcoin (BTC/USD) gained ground early in today’s Asian session and continued to orbit a key technical level around 5176.07, representing the 38.2% retracement of the move from 8488.00 to 3128.89. Yesterday, the pair drifted lower during the European and North American sessions, eventually trading as low as the 5041.14 area before reclaiming some lost ground. BTC/USD has a variety of upside challenges it may encounter including the 100-bar MA (4-hourly) at 5240.22 and the 50-bar MA (hourly) at 5340.04. The 5265.70 level is technical Resistance as well, representing the 50% retracement of the 7402.50 to 3128.90 range. Other key...

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Sally Ho's Technical Analysis 26 April 2019

Bitcoin Bitcoin (BTC/USD) managed to reclaim a little bit of lost ground in today’s Asian session as traders continued to lift the pair from yesterday’s intraday low of 4963.00 following the sharp and rapid sell-off.  Traders pushed the pair higher to the 5295.03 level during the Asian session before some profit-taking emerged and technical accounts probed demand around some key levels that we have highlighted for weeks. The rapid plunge during yesterday’s North American session started when the pair tested the 5512.12 level, around the 50% retracement of the move from 5650.01 to 5374.00. Chunky Stops were triggered during the...

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