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Sally Ho's Technical Analysis 9 January 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair climbed higher to the 8037.47 area after trading as low as the 7845.00 level during yesterday’s North American session.  The market traded as high as the 8469.39 area during yesterday’s Asian session after Stops were elected above the 8449 area, an upside price objective.  A strong bid has returned to the market over the past week and this has seen the pair easily absorb some areas of technical resistance and upside price objectives.  Notably, the 8059.54 area was a downside price objective related to the late-October high of 10540.49. ...

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Why Bitcoin (BTC) Traders Should Be Skeptical 

Bitcoin has now shot past the $8k level and is hovering around $8,268 at the time of this analysis. We can see on the 4H chart for BTC/USD that it ended up pumping past the $8.4k mark before it started to decline. Many retail traders have become far too excited about this. There is too much optimism in the market before the next halving but it is very important to realize that BTC/USD has yet to break past a cluster of resistance levels below $9k. Until and unless that happens, it could be very risky to be long on the...

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Bitcoin Finally Breaks $8k Range, is a Breakout on the Way?

Bitcoin is no longer in the $7k range! The leading cryptocurrency is now priced at $8,360 following a 5.87 per cent positive change over the past 24 hours. This new price movement comes after a month of lateral trading with some people making claims that a breakout is on the horizon. We finally can say that Bitcoin is no longer in the $7k range! Yes, you read that right! The leading cryptocurrency is now priced at $8,360 following a 5.87 per cent positive change over the past 24 hours. This new price movement comes after a month of lateral trading...

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EUR/USD Bearish Outlook Hints At Bad Days For Bitcoin (BTC) Going Into Halving 

The EUR/USD forex pair ran into resistance at the 200 day moving average but the pair ended up shooting past that level in what seems to have been a liquidity hunt. It has declined back below the 200 Day MA now and risks further downside. The daily chart for EUR/USD shows how the current downtrend is a lot similar to the one that preceded it when the price made a false move above the 200 day moving average but then ended up crashing hard in the days and weeks that followed. The difference is, this time it would be falling...

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Will Peter Schiff Ever Ditch Gold and Love Crypto?

The well-known bitcoin hater and proud gold lover, Peter Schiff has once more been digging into the King coin. It may be a new year but Schiff is still his same old self. Schiff’s latest words on bitcoin seem like a desperate attempt to make the leading cryptocurrency look bad. The well-known bitcoin hater and proud gold lover, Peter Schiff has once more been digging into the King coin. It may be a new year but Schiff is still his same old self. It is always interesting to see someone like Schiff taking hits at bitcoin because they typically face...

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