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Sally Ho's Technical Analysis 7 May 2019

Bitcoin Bitcoin (BTC/USD) found some buying pressure early in today’s Asian session as the pair moved back to the 5750.00 level after declining to the 5651.00 area during yesterday’s North American session. Earlier in the North American session, the pair got as high as the 5753.66 level before spinning lower, a level that is right around the 23.6% retracement of the 5520.00 – 5831.39 range. Notably, BTC/USD was supported above the 5650.01 area during the brief pullback, previously a relative high dating to 23 April 2019. A move back above recent highs will spotlight the 5808.45 area, representing the 50%...

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Ethereum (ETH) Still Has Room To Rise Again Before The Next Big Decline

Ethereum is on the move today as price is up more than 2% against Bitcoin (BTC). The daily chart for ETH/BTC shows that Ethereum (ETH) is aiming to retest the trend line support turned resistance as price has now neared oversold territory against Bitcoin (BTC). It is likely that we may see altcoins rally short term as BTC/USD trades sideways with no direction. Most altcoins are likely to test the previous broken trend line support as resistance but they are unlikely to break past it and will most probably begin their next downtrend soon as they visit the trend line...

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Sally Ho's Technical Analysis 6 May 2019

Bitcoin Bitcoin (BTC/USD) reversed course and found some buying pressure during today’s Asian session with the pair climbing higher to the 5782.22 level after drifting sideways during yesterday’s European and North American sessions. Today’s intraday high was right around the 76.4% retracement of the move from 5831.39 to 5627.35 and a break above this area will open up the 5808.45 level, representing the 50% retracement of the 8488.00 – 3128.89 range. Yesterday’s pullback in BTC/USD saw the market move lower around the area that represents the 38.2% retracement of the move from 5265.61 to 5846.88. If the market is able...

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Vitalik Buterin and Elon Musk’s Ethereum Discussion

Elon Musk struck up a conversation with Vitalik Buterin regarding Ethereum over the past few days. The exchange was made via twitter and it seemed to begin with Musk trolling the Ethereum co-founder. Musk began by simply tweeting “Ethereum” and a couple of minutes later followed by “jk” (which means “Just kidding”, for those that don’t know). Buterin responded by asking him to attend Ethereum’s Devcon in October which prompted Elon to respond with a genuine question. The Tesla founder asked Buterin “What should be developed on Ethereum?”. Vitalik replied saying, “A globally accessible financial system, including payments, store of...

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Sally Ho's Technical Analysis 5 May 2019

Bitcoin Bitcoin (BTC/USD) appreciated sharply during today’s Asian session as the pair traded as high as the 5846.88 level, its strongest print since 14 November 2018. During yesterday’s European and North American sessions, the 5650.01 area was supportive, representing a previous relative high from 23 April 2019, and Stops were triggered yesterday once the market moved below this area. Stops were also elected below the 5593.97 area, representing the 38.2% retracement of the 5265.61 – 5796.93 area, with additional Stops reached below the 5531.27 area. An upside target that was have talked extensively about was reached during the ascent higher...

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