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Sally Ho's Technical Analysis 28th March 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains during today’s Asian session as the pair got as high as the 4035.80 level, after absorbing technical Resistance around the 4009.52 area, representing the 76.4% retracement of the 4056.33 – 3858.00 range. Price activity is now trading above 50-bar MA, 100-bar MA, and 200-bar MA on both Hourly and 4-Hourly charts. As noted in our 27 March 2019 analysis, traders tested the 3984.88 level without much resistance and are working to establish a base above the key technical level, representing the 61.8% retracement of the move from 4188.79 – 3655.00. Technical Support is expected...

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WhatsApp To Support BTC, XRP & ETH

It seems that the worldwide famous WhatsApp might be adopting Bitcoin along with other tokens through a new crypto wallet service developed by Wuabit. The new Wuabit service will allow users of the popular social network to access their crypto assets from within WhatsApp. Wallet functions include sending, receiving, trading and in the future maybe other crypto related tasks will be added. In addition to this, the team is planning to bring the service to other social media like Telegram, Viber and Facebook Messenger. The rumours suggest that public beta will start next month. The firm has mentioned that AI...

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Sally Ho's Technical Analysis 27th March 2019

Bitcoin Bitcoin (BTC/USD) encountered strong buying pressure during today’s Asian session, with Bulls gunning for the 3980.57 level, representing the 61.8% retracement of the 4056.33 – 3858.00 range. Stops were reached above the 3922.99 area, representing the 100-bar MA on a 4-hourly chart, with further Stops elected above the 3969.94 level, the 50-bar MA. The 3984.88 level is a next major upside target for Bulls, representing the 61.8% retracement of the 4188.79 – 3655.00 range. Today’s intraday gains were reached after price activity managed to remain above the 200-bar MA (3873.11) yesterday following a test on 25 March. Technical Support...

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Sally Ho's Technical Analysis 26th March 2019

Bitcoin Bitcoin (BTC/USD) depreciated to key technical Support that we exactly identified in our 24 March 2019 analysis, testing the 3858.00 figure after Stops were elected below the 3933.65 level, then the 100-bar MA on a 4-hourly chart. Stops were also triggered below the 3921 area, representing the 50% retracement of the 4188.79 – 3655.00 range, and also below the 200-bar MA (3889.47) on a 4-hourly chart. A pullback was seen early in the Asian session with traders again eyeing the 3921 level. Additional BTC/USD weakness will spotlight the 3815 level, representing the 38.2% retracement of the 3128.99 – 4239.37...

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Ethereum (ETH) Consolidates Above 50 Day MA, Price Likely To Retest $163

Ethereum (ETH) is consolidating above the 50 day moving average as it struggles to break past the 38.2% fib extension level. This breakout would push ETH/USD towards the 200 day moving average with a wick to $163 for a retest of the previous resistance. We would expect ETH/USD to close below the 200 day moving average as trading conditions on longer time frames are still not favorable for a sustained breakout to the upside. We could see a day or two of rallies which would push Ethereum (ETH) towards the 200 day moving average but the price is extremely unlikely...

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