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Sally Ho's Technical Analysis 4 June 2019

Bitcoin Bitcoin (BTC/USD) depreciated sharply early in today’s Asian session, declining to the 7700.00 area after being unable to climb above the 8588.66 area during yesterday’s North American session.  Yesterday’s selloff commenced during the Asian session and BTC/USD quickly weakened from the 8695.21 area during yesterday’s European session. Traders tested the 8338.78 area, representing the 76.4% retracement of the move from 9948.12 to 3128.89, and that level eventually gave way, resulting in Stops being elected below the 100-bar MA (4-hourly). Stops were then triggered below the 8087.05 area late in yesterday’s North American session, representing the 61.8% retracement of the...

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Ethereum (ETH) Closes The Week Forming A Doji As Bears Regain Control

Ethereum (ETH) bears have regained control as the price has demonstrated serious weakness to break past the trend line resistance. The weekly chart for ETH/USD shows that both the RSI and Stochastic indicators are now flashing big warning signals as the price has reached overbought levels. The only thing holding the price from a massive decline at the moment is the 50 week exponential moving average. Soon as the price declines below this level, we could see it drop to double digits in no time. Short term, we could see ETH/USD attempt a break out of the descending triangle but...

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Sally Ho's Technical Analysis 3 June 2019

Bitcoin Bitcoin (BTC/USD) reversed course and moved higher early in today’s Asian session, trading as high as the 8760.00 area after trading as low as the 8610.26 area during yesterday’s North American session. Notably, yesterday’s daily high was around the 8834.00 level, just above the 76.4% retracement of the move from 9090.00 to 7972.00. Early in today’s Asian session, buying demand emerged just below the 61.8% retracement of the same range. Technically, the pair needs to establish a base above the 8707.00 area if it is going to sustain some upside gains, representing the 23.6% retracement of the move from...

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The Best Way To Buy Ethereum

What’s the best way to buy cryptocurrencies like Ethereum? The entire industry is a minefield filled with options and opportunities and as such, it’s often very difficult to know what to do when it comes to simply buying a cryptocurrency. There are so many options available, none of which are as simple as going to a shop and buying a coffee, therefore in order to make the most of this industry, you need to work out which method for purchasing cryptocurrency is best for you. Exchanges are by far the most common medium of transaction. Buying through cryptocurrency exchanges such...

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Sally Ho's Technical Analysis 2 June 2019

Bitcoin Bitcoin (BTC/USD) continued its move higher early in today’s Asian session as the pair traded as high as the 8609.29 area with its sights set on the 8662.92 area, representing the 61.8% retracement of the move from 9090.00 to 7972.00.  During yesterday’s North American session, the pair tested the 8470.05 area, representing the 38.2% retracement of the move from 7467.10 to 9090.00. That level was also just above the 50-bar MA (4-hourly), levels that BTC/USD has remained above since Friday. Some technical clues emerged late in yesterday’s North American session when the pair found experienced buying pressure around the...

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