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Sally Ho's Technical Analysis 15 March 2020 BTC ETH

Bitcoin (BTC/USD) was little-changed early in today’s Asian session as the pair traded as high as the 5514.45 level after trading as low as the 5214.47 area during yesterday’s North American session.  One range that traders are carefully monitoring is the appreciation from last week’s recent relative low around the 3858.00 area to the 5995.00 level.  Bids have emerged above the 5178.67 area during recent sessions, right around the 38.2% retracement of the appreciation.  Buying pressure had earlier materialised at or just below the 4925.60 area, representing the 50% retracement of the appreciating range, and traders await indications the markets...

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More Than $120,000 worth of BTC Being Sold At Auction From Ireland 

Ireland is getting ready to publicly auction off more than $120,000 worth of bitcoin seized from criminals over the years.  This seized cryptocurrency will be sold by Wilsons Auctions with the highest bidder taking the prize as it will see no set reserves. The auction is set to take place later this month on the 24th March.  Ireland is getting ready to publicly auction off more than $120,000 worth of bitcoin seized from criminals over the years. This seized cryptocurrency will be sold by the Ireland based auction house, Wilsons Auctions with the highest bidder taking the prize as it...

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Sally Ho's Technical Analysis 14 March 2020 BTC ETH

Bitcoin (BTC/USD) gained ground early in today’s Asian session as the pair climbed higher to the 5449.99 level after trading as low as the 3858.00 area during yesterday’s Asian session.  The price activity represented the pair’s weakest level since March 2019 and occurred after traders elected Stops below a wide range of price levels during the massive depreciation and decoupling from risk.  These price levels included the 7793, 7417, 7265, 6993, 6613, 6468, 6345, 5619, 5558, 5329, and 4509 levels.  During the pair’s modest recovery, the pair as high gained ground to the 5885 level, came off to the 4696.55...

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Is This The End For Bitcoin? 

The big crash finally happened. Bitcoin lost more than 50% in its value in the past 48 hours and a lot of altcoins crashed even more aggressively. This explains how we can never be complacent in a market like this and we should always be on our toes. Previously when the oil market crashed and prices declined more than 30% in a day, I specifically said that there is no reason to think that this cannot happen in the cryptocurrency market. I was surprised that it happened this fast but I was definitely prepared for it. Now, to a lot...

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Tom Lee on Crypto & Stock Markets: ‘[Bitcoin] does make sense as a hedge”

Ever since it was created, the leading cryptocurrency has been correlated to assets such as gold, equities and oil.  This is one of the arguments for the nascent asset class to be an effective hedge against global fiat and banking systems.  Ever since it was created in 2009, the leading cryptocurrency has been correlated to assets such as gold, equities and oil. This is one of the arguments for the nascent asset class to be an effective hedge against global fiat and banking systems. Nevertheless, many recent developments are starting to say something different. The price of many cryptos and...

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