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Sally Ho's Technical Analysis 27 May 2019

Bitcoin Bitcoin (BTC/USD) made major advances during yesterday’s North American session and the buying pressure continued early in today’s Asian session with the pair trading as high as 8918.98, the pair’s strongest showing since May 2018.  Some major Stops were elected during the push higher, especially above the 8338.78 level, representing the 76.4% retracement of the move from 9948.12 to 3128.89. Stops were also elected above the 8488.00 level, a recent relative high, with more triggered above the 8541.80 area, representing an upside price objective related to a relative pullback low of 4963.00 in April. A technical clue emerged late...

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Profit In Crypto Market Is An Ability Rather Than Luck

Use 2 Trading Tools - Profit in Crypto Market is an Ability Rather than Luck Recently, bitcoin seems to have established the price bottom of its bear cycle and signalled a strong reversal back into the bullish run. Nearly 67% price surges in such a short term surprises cryptocurrency traders as well as analysts. At present, the BTC price and other altcoin prices are undergoing consolidation in different degrees. But the upcoming halving and an increase in buying over U.S. and China trade war fears suggest that more upward movement is ahead. And the next step is to crack the...

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Bitcoin (BTC) Is About To Make Its Next Big Move, Which Way Will It Swing?

Bitcoin (BTC) is about to make its next big move as the volume has been on a steady decline for the past few weeks. In the next few days we are going to see a big breakout but what traders want to know is whether this breakout will be to the upside or the downside. For a while now we have been discussing how BTC/USD is heavily overbought on major time frames and it is long overdue for a pullback. That being said, we have never discounted the possibility of a move to the upside before it eventually comes down....

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Sally Ho's Technical Analysis 26 May 2019

Bitcoin Bitcoin (BTC/USD) managed to remain above an important technical level through the middle of today’s Asian session as Bids continued to support the 7966.03 area, representing the 76.4% retracement of the 8388.00 – 6600.00 range. The pair has traded in a relatively narrow range since early yesterday, with technical Resistance preventing the pair from running too far above the 8114.90 area, representing the 76.4% retracement of the move from 8315.00 to 7467.10. Traders continue to deliberate whether the pair will develop an upward bias or a downward bias. Notably, the 50-bar MA (4-hourly) is creeping up to market activity...

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Is The Current BTC Price In The Early Stage Of The Coming Bull Market?

In the past 2 months, the price of bitcoin has continued to surge, hitting a year-to-date record high of $8,300. Remarkably, despite a recent large-scale security breach that occurs on Binance ( resulting in a loss of around 7,000 BTC), traders’ confidence is still returning to the market, and the BTC price has kept climbing up with formidable upward momentum by more than 67.5%. Michael Novogratz, a former hedge fund manager and current CEO of Galaxy Digital, has predicted that the bitcoin price will triple within the next 18 months. Many analysts also believe that we’re now in the early stage...

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