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Sally Ho's Technical Analysis 3 November 2019

Bitcoin Bitcoin (BTC/USD) drifted higher early in today’s Asian session as the pair traded as high as the 9363.82 area after being supported around the 9210.00 level during yesterday’s European session. The pair continues to seek market direction following its spike to the 10540 area on 26 October, a move that was abrupt and quickly saw BTC/USD settle back around the 8918.47 area, representing the 50% retracement of the 7296.44 – 10540.49 range.  Following that retracement, the pair has only once traded above the 9774.89 area, representing the 23.6% retracement of that range, and has generally orbited the 9301.26 area,...

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Sally Ho's Technical Analysis 2 November 2019

Bitcoin Bitcoin (BTC/USD) appreciated to the 9296.98 level in today’s Asian session as the pair was lifted from the 9085.00 area during yesterday’s North American session.  Following the pair’s recent move lower to the 8950.00 level during Thursday’s North American session, the pair quickly rebounded to the 9433.00 level before coming off and finding technical Support just below the 9063.99 area, representing the 76.4% retracement of this relative low and relative high.  Selling pressure emerged during yesterday’s North American session right around the 9300.14 area, representing the 23.6% retracement of the 10540.49 – 8917.00 range. Stops were elected above the...

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Ethereum (ETH) Loses Ground Against Bitcoin (BTC) Amid Declining Interest

Ethereum (ETH) started the day in green but Bitcoin (BTC) did it better. There is a reason retail bulls are more interested in Bitcoin (BTC) compared to Ethereum (ETH) and that has to do with the recent 43% pump in BTC/USD in just two days. In this market, traders like to wish for something to happen again more than we have seen in other markets. This is the reason many people are comfortable buying all sorts of altcoins because they think if they made an all-time high before, they will make an all-time high again. This is kind of how...

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Sally Ho's Technical Analysis 1 November 2019

Bitcoin Bitcoin (BTC/USD) moved lower early in today’s Asian session as the pair receded back to the 9055.93 area after appreciating to the 9433.00 level during yesterday’s North American session.  The pair has continued to drift lower from 28 October following its peak around the 9939.69 area, absorbing some areas of technical Support along the way. This includes the 9301.26 area, representing the 38.2% retracement of the 7296.44 – 10540.49 area.  The level has since become technical Resistance during the past few trading sessions, leading to speculation that BTC/USD is headed lower.  Below this area, the 8918.47 area represents the...

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Ethereum (ETH) Could Crash Hard If It Plunges Below $180

Ethereum dominance (ETH.D) has declined below the key 38.2% fib extension level and has now entered a bear trend. We expect Ethereum dominance to decline sharply in the days and weeks ahead. The next level of support for Ethereum Dominance (ETH.D) is the 61.8% but long term it is likely to decline much lower. As Bitcoin dominance continues to rise, we would see Ethereum and other altcoins experience more pain. Most altcoins recently declined below key support levels against Bitcoin (BTC). As the market enters another downtrend, we will see more cryptocurrencies experience further pain and eventually most blockchain projects...

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