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1 January 2020 - ZRX/BTC – 4-hourly

In this 4-hourly chart of 0x/ Bitcoin (ZRX/ BTC), there is a depreciating range from 0.00002768 to 0.00002473. We can observe that the market then appreciated to the 0.00002703 level (identified by the red down arrow), just above the 0.00002698 area that represents the 76.4% retracement of the depreciating range. We can observe that the high of 0.00002703 was just above the 100-bar Simple Moving Average. We can observe that the market then depreciated to the 0.00002581 level (identified by the blue up arrow), just below the 0.00002585 level that represents the 38.2% retracement of the depreciating range.   Using RSI,...

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Sally Ho's Technical Analysis 1 January 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair gained ground to the 7218.42 area after trading as low as the 7111.00 level during yesterday’s North American session.   The pair is poised to open the new year trading above the psychologically-important 7000 level, a sharp contrast to the beginning of 2019 when the pair opened the year around the 3681.81 level.  Traders await to see if market sentiment has shifted after the end of 2019 when some derivatives positions are likely to have matured and rolled off.  Chartists note that the 50-bar MA (4-hourly) has just Bullishly crossed...

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Sally Ho's Technical Analysis 31 December 2019 BTC ETH

Bitcoin (BTC/USD) gained ground early in today’s Asian session as the pair was lifted to the 7259.65 area after trading as low as the 7200.00 level during yesterday’s European session.  The pair had traded as high as the 7531.00 area during Sunday’s North American session before coming off.  Traders are curious to see at what price the pair will finish the year, having opened 2019 with a print around 3681.81.  The year’s high price was 13868.44 in late June and since then, the market has traded as low as the 6430.00 area, a print from earlier this month.  Even though...

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Bitcoin Mining: How Hardware Prices are Impacting Mining

Both 2018 and 2019 have been well known in the space and for a lot of reasons. The whole mining industry nearly stopped in 2018 because of multiple different factors. Both 2018 and 2019 have been well known in the space, and for a lot of reasons. The incredible crypto highs and depressing crypto lows are just a few of the reasons.  One thing that has remained consistent through the years though, is the fall in the profitability of Bitcoin mining. The whole mining industry nearly stopped in 2018 because of multiple different factors.  So with this all in mind,...

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Bitcoin Inches Closer To The Next Big Crash

Bitcoin made quite an impressive move the upside yesterday but as we can see right here on the 4H chart for BTC/USD the move was erased and the price has declined to back where it was when we posted an analysis about this liquidity hunt. We pointed to the strong probability of the price rallying above $7,400 to shake out more stops.  It finally happened and the price rallied not just above $7,400 but also above the $7,500 level before it started to decline.  We can now see that the liquidity hunt is complete and the price is ready to decline further...

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