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Sally Ho's Technical Analysis 11 August 2019

Bitcoin Bitcoin (BTC/USD) continued to search for direction early in today’s Asian session as traders continue to keep the pair confined to a relatively tight range.  BTC bulls continue to eye the psychologically-important 12,000 figure, especially after several recent tests of the technically-important 11,978.03 area, representing the 38.2% retracement of the move from 8,919.72 to 13,868.44. BTC bears continue to find headwinds around the 11,439 and 11,394 areas, both of which represent important technical levels. Additionally, the 50-bar MA (4-hourly) is now indicating around the 11,415.93 level. Below these areas, Bids appear to be stronger around the 11,136.82 area, representing...

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Sally Ho's Technical Analysis 10 August 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair climbed to the 11,945.00 area after finding technical Support around the 11,645.32 area during yesterday’s European and North American sessions, representing the 38.2% retracement of the move from 8,048.75 to 13,868.44.  Bulls continue to chip away at the 11,978.03 area, a level that has served as technical Resistance over the past several trading sessions with a little bit of trading activity above it. The pair continues to trade well above its 50-bar MA (4-hourly) and continues to oscillate above and below its 50-bar MA (hourly). The 11,950 level...

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Ethereum (ETH) Tumbles To A New Low Against Bitcoin (BTC)

Ethereum (ETH) has just declined to a new low against Bitcoin (BTC). We have not seen it declined this low against Bitcoin (BTC) since the beginning of the bear market. It appears that ETH/BTC is now prepared to decline to the pre-bull run levels of 2017 effectively erasing most of its gains. Needless to say, things do not look good for Ethereum (ETH) and the rest of the altcoin market. Investors still have some hope in Bitcoin (BTC) as it is holding its ground better compared to Ethereum (ETH) but they have no confidence in Ethereum (ETH) which is shown...

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Bull Run Bad News For Ethereum

On the surface, the recent positive moves in the market might look good for cryptocurrencies like Ethereum, however once you scratch the surface just a little, it becomes clear that actually things may not be working out as well as Ethereum investors might hope. Ok, so in terms of value and their investments at the moment, things look good. When you look at the market capitalisation and the potential longevity of Ethereum hoever, things start to look a little less promising.  Because of the bull run and because of the heightened interest in Bitcoin, the market capitalisation of Bitcoin has...

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Sally Ho's Technical Analysis 9 August 2019

Bitcoin Bitcoin (BTC/USD) continued to orbit some very important technical levels early in today’s Asian session as bulls contemplated a fresh assault on the psychologically-important 12,000 figure, while bears eyed a return to the 11,136.82 area, a level that represents the 50% retracement of the move from 13,202.63 to 9,071.00.  The pair is now trading well above its 50-bar MA (4-hourly) and continues to oscillate above and below its 50-bar MA (hourly). The 11,950 level continues to draw serious interest from traders as it represents a downside price objective that developed when the pair descended from the 13,204 level in...

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