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Sally Ho's Technical Analysis 29 January 2020 BTC ETH

Bitcoin (BTC/USD) reclaimed some lost ground early in today’s Asian session as the pair moved higher to the 9073.85 area after finding technical support around the 8880.87 area during yesterday’s North American session.  Earlier in yesterday’s North American session, the pair had traded as high as the 9188.62 area before coming off.  The pair inched steadily higher earlier this week, triggering Stops above the 8447.58 and 8590.41 levels that represent the 23.6% and 38.2% retracements of the 9124.99 – 8216.71 range.  Traders drove the pair higher above the 50-bar MA (hourly), 100-bar MA (hourly), and 200-bar MA (hourly) as they...

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Nearly $9000: BTC Touches the Key Resistance Level During Coronavirus Pandemic

After trying to attempt $9000 at the start of this week, the leading cryptocurrency has sunk back. With the spread of coronavirus, many investors were forced to cut ties with riskier assets such as stocks. After trying to attempt $9000 at the start of this week, the leading cryptocurrency has sunk back into its normal ways... With the spread of coronavirus, many investors were forced to cut ties with riskier assets such as stocks. That doesn’t mean that bitcoin is free from risk though. It is well-known that the leading cryptocurrency is a risky investment, it’s always wise to do...

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Bitcoin (BTC) Breakout Or Another Fakeout?

Bitcoin (BTC) has finally broken past the $9,000 level once again and traders are now hopeful that we might see further upside. The vast majority of retail traders is bullish on BTC/USD at the moment anticipating further upside. This is not surprising to see before the next halving and the whole narrative of a potential bull run that has now been built around it. The cryptocurrency market certainly risks a major downtrend in the near future if and when the price crashes below the 200-day moving average again. That would prove that this had been a similar move to that...

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Recent Bitcoin (BTC) Move Indicates The Whales May Not Set Up A Multi Step Trap 

Bitcoin (BTC) moves up, down and sideways some traders win and some lose. However, there is one segment of the market that always wins and that is the whales and market makers. This is true of other markets as well but it happens more frequently in this market because most of the trading volume is fake as we now know from authentic sources. Bubbles always burst and there is no two ways about that because certain things repeat over and over again. We have seen many bubbles throughout history and during each one of those the vast majority of investors...

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How The Bitcoin Mining Ecosystem Could Be Worse Off From a Developer Tax

One of the biggest forks of bitcoin is bitcoin cash. This week bitcoin cash has been the talk of the town because of a proposal presented for the upcoming network upgrade set to be done in May this year. One specific highlight was that the proposal was supported by BTC.Top One of the biggest forks of bitcoin is bitcoin cash. This is easily one of the most famous and notorious protocols that came from the leading cryptocurrency. This week bitcoin cash has been the talk of the town because of a proposal presented for the upcoming network upgrade set to...

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