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Sally Ho's Technical Analysis 23 April 2019

Bitcoin Bitcoin (BTC/USD) gained additional ground during today’s Asian session, trading as high as the 5430.00 level after trading as high as the 5440.84 area during yesterday’s North American session. Today’s intraday low is 5353.71, right around the 76.4% retracement of the move from 5488.00 to 4901.99 and an area that we spotlighted in our 22 April 2019 analysis. Traders are waiting to see if the pair can remain above the 5403.82 level, an area we have discussed extensively that represents the 61.8% retracement of the 6810.00 – 3128.89 range. BTC/USD is now at its highest level since 10 April...

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Bitcoin (BTC) Begins New Week Trading Above 50 EMA But Can It Stay There?

Bitcoin (BTC) has started the new week trading above its 50 week EMA. The weekly chart for BTC/USD shows that the price is now also at the top of the ascending channel it has been trading in since December, 2018. Normally, we would expect the price to retrace anyway when it tests the top of the ascending channel being this overbought. The weekly RSI as well as the Stochastic RSI both signal a major pullback to come in the near future. The NVT indicator is also signaling a major sell-off that could at least pull the price back to the...

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Sally Ho's Technical Analysis 22 April 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in the Asian session as the pair moved to the 5313.51 area after finding some demand around 5233.14. Notably, the pair continues to orbit the 5264.14 area, representing the 61.8% retracement of the 5488.00 – 4901.99 range, and has generally been Given around the 5349.80 area, representing the 76.4% retracement of the same range. Similarly, we have written extensively about the 5265.70 area that represents the 50% retracement of the 7402.50 – 3128.89 area. The 50-bar MA (4-hourly) continues to approach price activity, calling into question whether BTC/USD can establish a technical base around this...

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BTC Investors Could Be Facing The Death Penalty Following Crimes In Thailand

After being accused of violating Thailand’s sovereignty by building a home in the middle of the sea, one Bitcoin investor from America could be facing the death penalty. Chad Elwartowski and his girlfriend, Supranee Thepdet (known as ‘Bitcoin Girl Thailand’, are both looking at charges that threaten the nation's independence after authorities found their ocean-based home which was located about 12 nautical miles from the Thai coast. The country’s navy has accused him of violating the nation’s sovereignty, but Elwartowski insisted the floating ‘living platform’ in the Andaman sea was built in his pursue for ‘freedom’. Elwartowski said that their...

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Sally Ho's Technical Analysis 21 April 2019

Bitcoin Bitcoin (BTC/USD) weakened early in the Asian session to test an important level, trading as low as the 5260.64 area, just below the 5265.70 area that represents the 50% retracement of the 7402.50 – 3128.89 area. We have written about the significance of this level extensively, including in our 20 April 2019 analysis. Traders are curious to see if BTC/USD again challenges the 5349.70 area, representing the 76.4% retracement of the 5488.00 – 4901.99 range. Above this area, the 5403.82 level represents the 61.8% retracement of the move from 6810.00 to 3128.89. As noted yesterday, technicians are eager to...

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