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BTC/USD Eyeing 12000 if 11736.02 Absorbed: Sally Ho's Technical Analysis 19 October 2020 BTC

Bitcoin (BTC/USD) appreciated sharply early in today’s North American session as the pair traded as high as the 11679.96 level after trading as low as the 11408.52 area during the Asian session.  Stops were elected above the 11531.64, 11609.76, and 11621.53 areas during the ascent, retracement levels related to the recent depreciation from 11736.02 to 11201.00.  Above current price activity, upside price objectives include the 11707.73, 11858.19, 11992.15, 12112.97, 12173.80, and 12348.26 levels.  Traders continue to carefully monitor market demand around the 11282.19 area, representing the 23.6% retracement of the appreciating range from 9813.00 to 11736.02.  Additional retracement levels in this depreciating...

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ETH/USD Spikes to 380 on Continuing Range Breakout: Sally Ho's Technical Analysis 19 October 2020 ETH

Ethereum (ETH/USD) floated higher early in today’s North American session as the pair appreciated to the 380.00 area after trading as low as the 372.95 area during the Asian session.  Prior to the move to 380.00, traders tested the 377.58 area after trading as low as the 372.95 area during the Asian session.  Stops were elected above the 377.87, 378.29, and 378.44 areas during the appreciation higher, representing the 61.8%, 76.4%, and 78.6% retracements of the recent depreciation from 379.94 to 372.95.  ETH/USD’s recent appreciation indicates an improving bias and market sentiment that could result in additional accumulation.  Another depreciating...

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Expanding internationally: the Bahamas CBDC project looks to function on a global scale

Quick take 1 minute read It’s been well documented over the course of the past few weeks and months that the Bahamas is looking into creating its own central-bank digital currency.  But recent news indicates that this effort isn’t just going to be localised to the Bahamas itself, but is planning to make its CBDC project available on a global scale. It’s been well documented over the course of the past few weeks and months that the Bahamas is looking into creating its own central-bank digital currency. But recent news indicates that this effort isn’t just going to be localised...

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BTC/USD Higher and Tests 11474.34 Technicals: Sally Ho's Technical Analysis 18 October 2020 BTC

Bitcoin (BTC/USD) strengthened early in today’s North American session as the pair traded as high as the 11447.62 level after trading as low as the 11326.03 area during the Asian session.  Traders observed that BTC/USD ran out of steam around the 11474.34 area, representing the 38.2% retracement of the recent depreciating range from 11736.02 to 11312.59.  Traders continue to carefully monitor market demand around the 11282.19 area, representing the 23.6% retracement of the appreciating range from 9813.00 to 11736.02.  Additional retracement levels in this depreciating range include 11001.43, 10774.51, 10547.59, and 10268.83.  During the recent pullback lower, BTC/USD remained above the 11179.00...

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ETH/USD Higher on Range Breakout: Sally Ho's Technical Analysis 18 October 2020 ETH

Ethereum (ETH/USD) gained ground early in today’s North American session as the pair appreciated to the 374.14 area after trading as low as the 371.91 area during the European session.  Earlier in the European session, ETH/USD quickly appreciated to the 375.79 area, right around the 61.8% retracement of the depreciating range from 380.00 to 369.02.  The pair’s recent climb suggests an improving bias and market sentiment that could result in additional accumulation.  Traders were able to get ETH/USD above the 371.89 level, representing the 38.2% retracement of the recent depreciating range from 387.63 to 361.38.  Another depreciating range that traders...

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