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Sally Ho's Technical Analysis 20 July 2019

Bitcoin Bitcoin (BTC/USD) encountered some slight buying pressure early in today’s Asian session as traders lifted the pair to the 10,457.00 level after Bids emerged around the 10,111.00 area during yesterday’s North American session, just above the 76.4% retracement of the move from 8,919.72 to 13,868.44.  The next upside retracement targets related to this range are the 10,810.13 and 11,394.08 areas. Minor Stops were elected above the 10,649.28 area during yesterday’s Asian session, representing the 38.2% retracement of the move from 13,202.63 to 9,071.00. The pair encountered some technical Resistance around the 50-bar MA (4-hourly), however, and then had problems...

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Ethereum (ETH) Is On The Verge Of A Major Breakout Amid Rising Altcoin Season Hopes

Bitcoin (BTC) dominance falls and all of a sudden we see life pumped into the altcoin market again. This time, the altcoin dominance has fallen so much that there is a lot of room for further upside from here. Ethereum (ETH), hailed as the mother of altcoins is going to be the coin to watch for movements in the altcoin market. If we take a look at the 15 min chart for ETH/USD, we can see that Ethereum (ETH) is on the verge of breaking past a key ascending triangle. This breakout will lead to breaching a key resistance level...

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Sally Ho's Technical Analysis 19 July 2019

Bitcoin Bitcoin (BTC/USD) managed to erase most of its intraweek losses and continued to appreciate early in today’s Asian session, trading as high as the 10,742.87 area after very strong buying activity started during yesterday’s North American session. Traders lifted the pair from the 9,291.00 level, right around the 50% retracement of the move from 4,702.53 to 13,868.44, and later found support around the 10,367.06 area, representing the 38.2% retracement of the same range. Support around this level allowed BTC/USD to nearly test its 50-bar MA (4-hourly) and 200-bar MA (4-hourly). Stops were elected above the 10,046.06 area during the...

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Ethereum (ETH) More Likely To Rise To A New Yearly High Than Bitcoin (BTC)

Ethereum (ETH) is more likely than Bitcoin (BTC) to rise to a new yearly high. ETH/USD has found support on the key 61.8% fib extension level and is expected to rally hard from here if it closes the week above this level. Ethereum (ETH) has seen a brutal correction and might finally get some time to stage a relief rally now. Investors have long been waiting for an altcoin season in this market. They may finally get it if Ethereum (ETH) continues to outpace Bitcoin (BTC) like it has been doing since it completed the correction. The price eyes further...

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Sally Ho's Technical Analysis 18 July 2019

Bitcoin Bitcoin (BTC/USD) failed to sustain some short-lived gains early in today’s Asian session as the pair fell back to the 9583.88 area after trading as high as the 9998.00 level during yesterday’s North American session.  Traders were unable to push the pair back above the psychologically-important 10,000.00 figure, again calling into question the market’s short-term bias. During yesterday’s European session, BTC/USD traded as low as the 9,071.00 area as the pair managed to remain above the 9,009.65 area, representing the 76.4% retracement of the move from 7,508.77 to 13,868.44. Chartists are anticipating some Stops that are likely to be...

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