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Sally Ho's Technical Analysis 16 September 2019

Bitcoin Bitcoin (BTC/USD) rallied higher early in today’s Asian session as the pair traded as high as the 10379.98 area after Bids emerged around the 10271.70 area late in yesterday’s North American session. The pair had a volatile weekend that saw it climb higher from the 10233 area on Saturday, consolidate gains, and then finds Bids late yesterday around the 38.2% retracement of the 10939.34 – 9851.97 range.  Some Stops were elected above the 10371.72 area early in today’s Asian session, representing the 61.8% retracement of the 10433.49 – 10271.78 range. If BTC/USD’s upward momentum can continue, traders will need...

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Sally Ho's Technical Analysis 15 September 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as traders lifted the pair to the 10433.49 area after buying activity emerged late in yesterday’s North American session around the 10223.36 area. After moving close to the 10395 area during yesterday’s Asian session, an important upside price objective that represents the 50% retracement of the move from 10939.34 to 9851.97. BTC/USD orbited both the 50-bar MA (4-hourly) and 200-bar MA (4-hourly) before buying demand surfaced during the North American session. Chartists are observing a Bullish convergence of the 50-bar MA (hourly) and 200-bar MA (hourly) that could lead to additional...

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Sally Ho's Technical Analysis 14 September 2019

Bitcoin Bitcoin (BTC/USD) gave back a small amount of gains early in today’s Asian session following the pair’s quick ascent late in yesterday’s North American session that saw traders lift the pair from the 10157 level to the 10392 level, right around the 50% retracement of the move from 10939.34 to 9851.97.  Traders tested the 100-bar MA (4-hourly) around the 10150 area before driving BTC/USD higher late in yesterday’s North American session.  The pair continues to trade above and below both the 50-day MA (4-hourly) and 200-day MA (4-hourly). If BTC/USD is able to climb above the 10392 area, traders...

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Ethereum (ETH) Eyes Significant Further Downside Against Bitcoin (BTC)

Ethereum (ETH) is primed for a massive decline against Bitcoin (BTC). It has yet to fall towards the next fib circle which means that we might see a next wave of downside similar to what we saw in August if not more devastating. The daily chart for ETH/BTC shows that Ethereum (ETH)’s downtrend against Bitcoin (BTC) remains intact. As long as it remains below the 21 day EMA, we can expect further downside to follow in an aggressive manner. The next few weeks are expected to be brutal for Ethereum (ETH) as it will lose most of its gains not...

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Sally Ho's Technical Analysis 13 September 2019

Bitcoin Bitcoin (BTC/USD) moved higher early in today’s Asian session as the pair escalated to the 10359.92 area following upward buying pressure that intensified during yesterday’s European session when Bids emerged just below the 10046.06 area, right around the 23.6% retracement of the move from 13202.63 to 9071.  This upward pressure followed earlier upward pressure that emerged during yesterday’s Asian session just below the 9938.16 area, representing the 61.8% retracement of the 7508.88 – 13868.44 range. Traders are observing some probable Stops above the 10378.96 area that could be elected in the near-term, just above the 76.4% retracement of the...

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