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Sally Ho's Technical Analysis 11 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair was lifted to the 7250.00 area after trading as low as the 7156.03 area during yesterday’s North American session.  The pair had spiked higher to the 7659.38 area during Monday’s North American session before coming off and trading as high as the 7398.00 area during yesterday’s Asian session.  In recent days, the pair has oscillated around some key technical trading levels including the 7552.89 and 7356.65 areas, representing the 23.6% and 38.2% retracements of the recent move from 6526.00 to 7870.10.  Another very important level is the 7568.81...

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How History Stock Crashes Could Impact Bitcoin

From 1995-2000, there was a massive adoption in the use of the internet which gave a lot of value to a lot of internet firms. The native currency to Japan is the yen and in the early 80s, the yen rose by nearly 50 percent. Ever since Bitcoin took a miraculous rise to the $20,000 mark, there has been a lot of criticism and controversy surrounding it. The extremely high rate of volatility in the market has made people likened the digital to some investible assets that surged in price and later crashed in previous years. Today, we’re going to...

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Bitcoin Bulls Remain Hopeful

The near-term outlook of Bitcoin remains as confusing as it did for the last 24 hours. Traders still have no idea which way the price is going to swing next. However, the direction in which the price has been manipulated gives us meaningful insights as to what might happen next. We have recently seen the market makers try to inject fear in the market with wild moves around key turning points. As aggressive as those moves seemed, they have been mostly inconsequential as their sole purpose has been shaking out retail bulls, encouraging retail bears and discouraging the bulls from...

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Why Bitcoin (BTC) Is Very Likely To Test $8,000 This Week

Bitcoin (BTC) is very likely to test $8,000 this week now that the EUR/USD fore pair has climbed above the 38.2% fib extension level and is hinting at the possibility of a triple top. The pair has closed two candles above the 200 moving average now on the 4H time frame which means that it is all set to rally higher in the ascending wedge that it is trading in. This wedge extends all the way to the previous top which means that EUR/USD might end up making that triple top with the cryptocurrency market following suit and rallying hard...

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10 December 2019 - REP/ BTC – 4-hourly

In this 4-hourly chart of Augur/ Bitcoin (REP/ BTC), there is an appreciating range from 0.001334 to 0.001456. We can see that after the market depreciated to the 0.001372 level, the market again appreciated and traded as high as 0.001412 level (identified by the first red down arrow), just below the 55-bar Simple Moving Average. This high was also just above the 0.001409 level, representing the 38.2% retracement of the appreciating range. After depreciating again, the market traded as high as the 0.001399 level (identified by the second red down arrow), just above the 0.001395 level that represents the 50%...

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