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Sally Ho's Technical Analysis 19 March 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 5474.99 area after trading as low as the 5001.00 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.  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 may move above or below this short-term range. Another short-term range that traders are monitoring is the depreciation from...

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Bitcoin Risks Another Decline

Bitcoin showed some signs of strength after the recent yearly low. However, it is once again primed for another decline now that we have seen the bulls lose momentum. The price now risks a decline not only below $4k but I think we could see it take out the previous low of $3.8k this time. This is not unreasonable to expect considering BTC/USD did something similar in October last year. Financial markets worldwide are still in panic and the fear is real because the Coronavirus outbreak has seriously crippled all walks of life from daily activities to businesses and global...

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Ethereum (ETH) Remains Bearish Below $120, Further Downside Likely 

Ethereum (ETH) risks a major decline as long as it remains below the $120 level which is a strong resistance zone now. The price could keep on trading sideways for a while and even exhibit some temporary bullishness but the most probable scenario is a decline down to a new yearly low. In some of my previous analyses, I have repeatedly discussed how ETH/USD could decline below $100 to reach targets of $80 and subsequently $60 or lower. While I do not expect Ethereum (ETH) to decline below $60 just yet, I would not be surprised if we see a...

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Sally Ho's Technical Analysis 18 March 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair climbed higher to the 5443.99 area after trading as low as the 5071.00 area during yesterday’s North American session.  During yesterday’s European session, Stops were elected below the 5215.31 area, an upside price objective related to the recent buying pressure from the 3858.00 area.  Stops were elected above the 5477.02 area during yesterday’s North American session, an upside price objective related to recent upward buying pressure from the 4432.20 area.  One range that traders are carefully monitoring is the appreciation from last week’s recent relative low around the 3858.00...

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Is Bitcoin Still a Safe Haven Asset?

Despite what is a common belief, the leading cryptocurrency is still a safe haven asset even after its massive price drop.  According to Bloqport, the inability that bitcoin has in retaining its value over other assets has raised questions in regards to its status as a safe-haven. Despite what is probably a common belief in the world right now, the leading cryptocurrency is still a safe haven asset even after its massive price drop over this past week. At least that’s according to Bloqport, a digital assets research company. The inability that bitcoin has in retaining its value over other...

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