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Sally Ho's Technical Analysis 23 January 2020 BTC ETH

Bitcoin (BTC/USD) was little changed early in today’s Asian session as the pair traded around the 8631.77 area after trading as high as the 8791.76 area during yesterday’s European session.  Some bids emerged around the 8565.00 area during yesterday’s North American session but the pair has largely been confined to a sideways trading range.  The pair continues to orbit the 8741.24 area, a level that represents the 50% retracement of the move from 10950.57 to 6531.91.  One of the many important trading ranges that traders continue to monitor is the move from 7671.00 to 9194.99.  During a pullback a couple...

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Declining Ethereum (ETH) Dominance Spells Trouble For The Altcoin Market 

Charts don’t lie. This is Ethereum dominance we are looking at on the daily time frame. This is as bearish as it gets and we are most likely on the verge of a major crash from this point forward. The descending broadening wedge on the daily chart for Ethereum dominance (ETH.D) speaks for itself. We can take a guess and see where it could fall next from here in case of a downtrend. This is why I repeatedly say that there is no reason at all to be bullish on the market at this point. It is even riskier to...

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Sally Ho's Technical Analysis 22 January 2020 BTC ETH

Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair fell to the 8693.39 area following a late rally to the 8774.31 area during yesterday’s North American session that began earlier in the session around the 8465.00 area.  Following the pair’s sharp decline over the weekend from the 9194.99 area to the 8465.00 level, BTC/USD has largely traded sideways, generally supported above the 8500.00 figure.  During the weekend pullback, the pair remained bid above the 8433.00 area, representing the 50% retracement of the recent 7671.00 – 9194.99 range.  Notably, selling pressure emerged around the 8741.24 area during the pair’s...

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Ethereum (ETH) Could Be On The Verge Of Its Most Devastating Downtrend In Years

Ethereum (ETH) is on the verge of one of its most devastating downtrends in years. The daily chart for ETH/USD clearly shows the trend and it is only a matter of time before we see the price begin to decline again. It will have to test the trend line support at a lower point now to make a lower low. The decline this time will be far more devastating and the fact that ETH/USD is already trading below the 200-day moving average means that it may even enter another brutal downtrend to take out the December, 2018 lows and decline...

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Charles Hoskinson Takes Digs Into Crypto, Including Bitcoin and Ethereum

In a recent interview, Charles Hoskinson spoke on IOHK, blockchain security and Ethereum. Bitcoin is ‘blind, deaf and dumb’ according to the CEO/founder. Hoskinson commented on Ethereum, in that is not very in line with the financial world. In a recent interview with Hacker Noon, Cardano’s Charles Hoskinson spoke on many topics, including the leading cryptocurrency, IOHK, blockchain security and Ethereum. “The point of all these cryptocurrencies and blockchains is ultimately the management of assets, information, trust, and data.” Bitcoin is ‘blind, deaf and dumb’ according to the CEO/founder of the two aforementioned projects. “It doesn’t understand the world around...

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