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Sally Ho's Technical Analysis 25 April 2019

Bitcoin Bitcoin (BTC/USD) moved higher early in today’s Asian session as the pair reached the 5454.01 level after being pressured lower during yesterday’s North American session. The pair encountered strong technical Resistance yesterday around the 5488 and 5472 levels, right around the 38.2% retracement of the move from 5213.34 to 5650.01. During the move higher during today’s Asian session, the pair found some technical Bids around the 5436 area, just above the 50% retracement of the same range. Additional upside targets include 5483.20/ 5546.96, both of which are key upside retracement levels related to the same range. BTC/USD will also...

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Sally Ho's Technical Analysis 24 April 2019

Bitcoin Bitcoin (BTC/USD) gave back some of yesterday’s strong gains during today’s Asian session, trading as low as the 5483.07 level, a key technical area that is right around the 38.2% retracement of the recent move from 5213.34 to 5650.01. The pair traded as high as the 5650.01 level yesterday, the pair’s strongest print since 18 November 2018. During the Asian session, BTC/USD moved back to the 5566.54 area, representing the 50% retracement of yesterday’s high through today’s intraday low. Upside targets related to this range include 5586.24/ 5610.61.  Chartists are waiting to see how the pair trades around the...

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Sally Ho's Technical Analysis 23 April 2019

Bitcoin Bitcoin (BTC/USD) gained additional ground during today’s Asian session, trading as high as the 5430.00 level after trading as high as the 5440.84 area during yesterday’s North American session. Today’s intraday low is 5353.71, right around the 76.4% retracement of the move from 5488.00 to 4901.99 and an area that we spotlighted in our 22 April 2019 analysis. Traders are waiting to see if the pair can remain above the 5403.82 level, an area we have discussed extensively that represents the 61.8% retracement of the 6810.00 – 3128.89 range. BTC/USD is now at its highest level since 10 April...

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Sally Ho's Technical Analysis 22 April 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in the Asian session as the pair moved to the 5313.51 area after finding some demand around 5233.14. Notably, the pair continues to orbit the 5264.14 area, representing the 61.8% retracement of the 5488.00 – 4901.99 range, and has generally been Given around the 5349.80 area, representing the 76.4% retracement of the same range. Similarly, we have written extensively about the 5265.70 area that represents the 50% retracement of the 7402.50 – 3128.89 area. The 50-bar MA (4-hourly) continues to approach price activity, calling into question whether BTC/USD can establish a technical base around this...

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Sally Ho's Technical Analysis 21 April 2019

Bitcoin Bitcoin (BTC/USD) weakened early in the Asian session to test an important level, trading as low as the 5260.64 area, just below the 5265.70 area that represents the 50% retracement of the 7402.50 – 3128.89 area. We have written about the significance of this level extensively, including in our 20 April 2019 analysis. Traders are curious to see if BTC/USD again challenges the 5349.70 area, representing the 76.4% retracement of the 5488.00 – 4901.99 range. Above this area, the 5403.82 level represents the 61.8% retracement of the move from 6810.00 to 3128.89. As noted yesterday, technicians are eager to...

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