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Sally Ho's Technical Analysis 4 July 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains early in today’s Asian session as the pair moved higher to the 11,474.99 area before giving back some gains and trading lower around the 11,030.00 area. During yesterday’s European session, BTC/USD moved to its strongest level since 30 June by trading around the 11,576.20 area, just below the 11,598.44 area that represents the 76.4% retracement of the move from 12,200.00 to 9651.00. The pair also failed to gain traction above the 200-bar MA (hourly) after briefly trading above that area several times during yesterday’s European and North American sessions. Above current market activity, if...

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Bitcoin (BTC)’s Rally Towards $12,300 Still On The Table As FOMO Rises Again

Bitcoin (BTC) is determined to keep moving up after it found temporary support at $9,681. This move was very powerful considering BTC/USD broke above a falling wedge. However, it has run into the 38.2% fib retracement level from the recent high (around $13,912). This has left investors wondering if a move towards higher levels is still on the table. Soon as Bitcoin (BTC) started to rise from $9,681 we saw most big accounts on Crypto Twitter turn to full FOMO again and they are now calling for price targets of $20,000 and $40,000 in complete oblivion to what happened on...

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Bitcoin Dark Web Drug Dealers Caught Following Drastic Mistake

Bitcoin and blockchain may have both promised privacy and anonymity but it doesn’t make criminals who use it necessary invisible. Using the dark web for anonymity purposes doesn’t make criminals invisible to the authorities either, especially when those criminals are prone to a little human error. The drug dealers Tzu Yang (Issac) Lin and Meng Ting (Leo) Hu found this out the hard way. The pair were found out by United States federal agents for apparently selling counterfeit Adderall online. Issac and Leo had to part ways with their Bitcoin which is thought to include millions following the crackdown, and...

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The Drama Of Bitcoin Vs Gold Has Been An Enduring Subject Since Liberty Lovers First Discovered Bitcoin

Last week Bitcoin pioneer Barry Silbert decided it was appropriate to rip the Bitcoin vs Gold Scab off one more time. It was just as entertaining as one can imagine. See the Tweet by Barry Silbert below. The Tweet Storm That Followed was One for the Books! The responses to Barry’s Tweets were epic but I want to point out a few that I think did the best job. My friend and former client Peter Spina of GoldSeek went straight for the jugular. You can follow the whole line of responses here. Peter Schiff also showed up for the drama! ...

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Why The Second Half Of Bitcoin (BTC)’s Bear Market Is About To Begin

Bitcoin (BTC) has broken out of the falling wedge as we mentioned in our last analysis on BTC/USD. This has made a lot of people very excited but if we look at the big picture, I assure you there is nothing to be excited about if you are a bull. If you are a bear, then this might be another opportunity for better short entries. Everyone and their mother are long on Bitcoin (BTC) at this point. If we look at the chart, we can see that BTC/USD broke out of the falling wedge and shot up but it has...

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