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Sally Ho's Technical Analysis 9 July 2019

Bitcoin Bitcoin (BTC/USD) strengthened early in today’s Asian session as the pair traded as high as the 12,356.98 area after steady buying interest commenced during yesterday’s Asian session. The pair tested the 12,367.56 area, representing the 23.6% retracement of the 7,508.77 – 13,868.44 range. Many chartists expect that level will soon be breached with the next key upside levels being around the 12,494.99 and 12,700.54 areas. The pair managed to find some technical Support around the 100-bar MA (4-hourly) during yesterday’s Asian and European sessions. BTC/USD bulls are eyeing a couple of additional upside price targets including the 12,873.12 area,...

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Ethereum (ETH) Manipulation Reaches New Heights, Big Picture Remains Intact

Ethereum (ETH) manipulation has reached new heights. If we focus on the daily close on Saturday, we can see the kind of manipulation that is going on. The price rose close to $300 and hit some stops in there in the $299s zone. After that it was pulled downwards only to be pumped later to hit more stops just above $300. The price is currently trading close to $307 and those that are following the big picture now quite well what is going on long term. There is always plenty of noise on lower time frames including the daily chart...

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Is CME Group Driving Ethereum’s Future?

For some time now, investors and crypto enthusiasts have been anticipating futures for Ethereum. This expectation has been stifled though as regulatory uncertainty is ripe in the air in regards to the second biggest cryptocurrency. Although a new report from The Block suggests that one of the worlds biggest financial exchanges, CME Group is getting ready to launch a new product for Ethereum.  Ethereum’s Future The Chicago-based firm that famously launched Bitcoin futures near the peak of $20k in 2017, is apparently changing up its reference rate and index for Ethereum which could mean that futures are on there way....

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Sally Ho's Technical Analysis 8 July 2019

Bitcoin Bitcoin (BTC/USD) appreciated marginally early in today’s Asian session as the pair traded as high as the 11,547.23 level after steadily moving higher since yesterday’s Asian session.  The pair has generally remained above the 11,091.90 area during this time frame, representing the 38.2% retracement of the move from 6,600 to 13,868.44.  The next key level above current market activity related to this range is the 12,153.09 area, and the next key level below current market activity related to this range is the 10,234.22 level. During yesterday’s European session, the 100-bar MA (4-hourly) crossed above the 50-bar MA (4-hourly), a...

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Ethereum (ETH) Is On The Verge Of Breaking A Key Support Against Bitcoin (BTC)

Ethereum (ETH) looks extremely bearish against the US Dollar (USD) but it looks even more bearish against Bitcoin (BTC). This is because for the past few weeks, ETH/BTC has been incredibly close to breaking a key support. This support has held for a long time and if it is broken this time, it will have dire consequences. First of all, the support that the price breaks will become a strong resistance which means two things explicitly and implicitly. Explicitly it means that we will have no altcoin season in a long time. Implicitly it means that if there is no...

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