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BTC/USD Finds Bid Above 9000: Sally Ho's Technical Analysis 18 July 2020 BTC

Bitcoin (BTC/USD) attempted to extend its recent appreciation early in today’s Asian session as the pair added to recent gains above the psychologically-important 9000 figure.  Traders pushed BTC/USD as high as the 9182.99 area during yesterday’s North American session, just below the 9184.54 area that represents the 38.2% retracement of the recent depreciation from 9475.00 to 9005.00.   Additional upside retracement levels in this range include the 9240 and 9295.46 levels.  During this week’s downturn, BTC/USD stopped just short of testing the 8970.77 area, representing the 76.4% retracement of the recent appreciation from 8815.01 to 9475.  Traders are closely monitoring three...

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Bitcoin Traders Are So Easy To Manipulate

Bitcoin continues to do exactly what we expected the past few days. We talked about a bear trap first which happened. Then the popular crypto Twitter accounts helped with the bear trap by pushing the bearish narrative further. After that, we saw some big crypto Twitter accounts get hacked which gave traders more reason to get out of BTC/USD and other cryptocurrency pairs. Meanwhile, the S&P 500 (SPX) continues to hold its ground above the 3,200 mark. Retail sentiment in this market is heavily influenced by Twitter and Youtube both of which manipulate unsuspecting traders with the promise of free...

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Gold advocate Peter Schiff believes the Twitter Hack is a sign of things to come for bitcoin itself

Although it can be argued, bitcoin is one of (if not the) most secure networks in the world.  The hash rate for the network is the amount of computing power dedicated to securing it and it is typically deemed as the litmus test of the general security.  Although it can be argued, bitcoin is one of (if not the) most secure networks in the world. The hash rate for the network is the amount of computing power dedicated to securing it and it is typically deemed as the litmus test of the general security.  A few days ago though, the...

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‘Bitcoin ban’ movement sparks up on Twitter following hack

Earlier this week the world of crypto was shocked after a Twitter hack took over some of the biggest celebrities in the world. The hack so many famous faces have their accounts compromised after hackers impersonated them in an attempt to fool as many people out of their bitcoin as possible. Earlier this week the world of crypto was shocked after a Twitter hack took over some of the biggest celebrities in the world. The hack so many famous faces have their accounts compromised after hackers impersonated them in an attempt to fool as many people out of their bitcoin...

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BTC/USD Fade to 9000 Figure Has Bears Growling; Sally Ho's Technical Analysis 17 July 2020 BTC

Bitcoin (BTC/USD) remained on the defensive early in today’s Asian session as the pair continued to hover around the psychologically-important 9000 figure following modest selling pressure that intensified during yesterday’s Asian session.  Traders sold the pair from the 9280 area mid-week and selling pressure later emerged around the 9243.25 area, representing the 38.2% retracement of the recent depreciation from 9475 to 9100.  Decent Stops were elected below the 9123.26, 9040.16, and 9027.64 areas during the move lower, levels that represent the 61.8%, 76.4%, and 78.6% retracements of the recent appreciation from 8905.84 to 9475.00.  Bids emerged around the 9005.00 area...

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