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Sally Ho's Technical Analysis 2 June 2019

Bitcoin Bitcoin (BTC/USD) continued its move higher early in today’s Asian session as the pair traded as high as the 8609.29 area with its sights set on the 8662.92 area, representing the 61.8% retracement of the move from 9090.00 to 7972.00.  During yesterday’s North American session, the pair tested the 8470.05 area, representing the 38.2% retracement of the move from 7467.10 to 9090.00. That level was also just above the 50-bar MA (4-hourly), levels that BTC/USD has remained above since Friday. Some technical clues emerged late in yesterday’s North American session when the pair found experienced buying pressure around the...

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The Guidance To Expand Your Profit By 100 Times

Since April 1st, the Bitcoin price has rapidly risen from $5300 to the top at $9000, the rising rate is 220%. However, compared to the decline from the past year. The rising rate may not make up the loss from the Bitcoin holder from the past year. On December 17th, 2017, after the Bitcoin price has hit its highest point at $19798, the Bitcoin started the years downwards trend and it fell to the lowest point at $3200 December 15th, 2018. In this year, the Bitcoin price is only 16% left Compared to the highest point. It means that if...

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S&P 500 Index (SPX) Hints At Deadly Bitcoin (BTC) Crash In The Weeks Ahead

The S&P 500 had its second worst May since 1960s with yesterday’s extremely bearish close. The stock market continues to suffer as a result of President Trump’s self-imposed wars. There are a lot of speculations as to what it is really about. To some this is about bringing manufacturers back to the US, to some it is about maintaining a strong dollar and to other it is about keeping China’s expansion in check. Regardless of the reasons, it is becoming clear that the US is not prepared to back down and it will continue to look for trouble. This of...

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The Next Big Break For Bitcoin

Major phone companies such as Huawei, Apple and Sony have recently been within the crypto headlines for their advancements in crypto and blockchain technology, suggesting that in the future we could see a range of major smartphone products boasting a whole host of crypto technologies, some of which could be set to launch in the coming years. You probably own a smartphone, in fact, you could even be reading this from a smartphone since mobile technology is now so wide spread and dynamic, therefore a crypto revolution within mobile technology is deemed a worthy next step. This could have major...

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Sally Ho's Technical Analysis 1 June 2019

Bitcoin Bitcoin (BTC/USD) extended its rebound higher early in today’s Asian session as the pair continued to reclaim lost ground following Thursday’s move that saw a sudden depreciation from 9090.00 to 7972.00.  There have now been five consecutive 4-hourly bars with higher highs and higher lows, a bullish development that saw the pair test the 8580.00 level early in today’s session. BTC/USD has also managed to move back above the 50-bar MA (4-hourly), another bullish development. Some Stops were elected above the 8531.00 figure late in yesterday’s North American session, representing the 50% retracement of the move from 9090.00 to...

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