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Sally Ho's Technical Analysis 20 December 2019

Bitcoin Bitcoin (BTC/USD) depreciated early in today’s Asian session as the pair fell to the 7080.00 level following its inability to move above the 7227.48 area during yesterday’s European session.  Following the pair’s mid-week move back above the 7000 figure, traders have tested Bids around the 50-bar MA (4-hourly) and the 200-bar MA (hourly). These indicators will be critical tests as traders evaluate whether BTC/USD Bulls have the resolve to keep the pair Bid above these areas. Chartists also observed that after BTC/USD peaked around the 7445.00 level earlier this week and retraced lower, it has been capped around the...

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Bitcoin (BTC) Surprises Everyone Again

Bitcoin surprised everyone once again as the price shot up past key resistance levels and touched $7,452 before declining sharply from there. In doing that, BTC/USD finally tested the 200 moving average. We have long been talking about a retest of the 200 moving average on the 4H time frame before the next decline. Now that the price has faced a strong rejection at that level, it is likely to decline further. Please note that it may still see further upside after declining to lower levels within the falling wedge. We could see an even more bullish move follow after...

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Zcash On Its Way Up With Bullish Performance While Bitcoin Declines

This past week has seen a steady decline occur in the crypto markets. But Zcash has recorded a positive price movement in recent days.  The coin hasn’t performed great for the better part of 2019 but some steam seems to have been picked up for the token recently. This past week has seen a steady decline occur in the crypto markets. Bitcoin fell by almost 10%, and the rest of the space hummed a similar tune.  Whereas the market has seen a slight recovery now, at the time of writing, Zcash has recorded a positive price movement in recent days. ...

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What Lies Ahead For Bitcoin (BTC) After The Recent Pump?

Bitcoin (BTC) made a surprising move yesterday that took retail bears by surprise. In our previous analyses we warned against being overly bearish when there was already extreme fear in the market. However, the fact that BTC/USD was trading well below key resistance levels gave a lot of traders reason to remain short on the market. Yesterday’s move saw a series of key resistance levels being breached in just a few aggressive moves. The manner in which the price pumped past key resistance levels is nothing short of manipulation. The price was driven as a result of a massive short...

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$100k BTC Prediction Made From Former Silk Road Head

The leading cryptocurrency sunk a six-month low in recent days but it has been able to recover above the $7k. Ross Ulbricht believes that the life-changing returns are on their way back, slowly but surely.  Ulbricht predicted that bitcoin is now in its final primary wave of the first cycle uptrend. The leading cryptocurrency sunk a six-month low in recent days but it has been able to recover above the $7k. There’s been plenty of comments made on the space due to the fall, mostly aimed at the negatives of crypto. Peter Schiff is one of those commentators who is...

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