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Sally Ho's Technical Analysis 1 May 2019

Bitcoin Bitcoin (BTC/USD) gained decent ground during today’s Asian session, trading as high as the 5329.80 level after demand surfaced around the 5225.55 area, right around the 38.2% retracement of the move from 5650.01 to 4963.00. Clues emerged early in yesterday’s North American session to suggest the pair would appreciate as Bids emerged at 5187.00 on a pullback, right around the 61.8% retracement of the move from 4901.99 to 5650.01. Some Stops were then elected above the 5251.55 area, then the 100-bar MA (4-hourly) before Bids were seen around the aforementioned 5225 area. Additional Stops were then triggered above the...

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Sally Ho's Technical Analysis 30 April 2019

Bitcoin Bitcoin (BTC/USD) appreciated during today’s Asian session, trading as high as the 5165.49 area after Bids emerged around the 5100.00 figure late in yesterday’s North American session. The pair was challenged around the 5176.07 area during yesterday’s European and North American sessions, a key level we continue to spotlight that represents the 38.2% retracement of the 8488.00 – 3128.89 range. Early in yesterday’s European session, the pair was driven lower and Bids emerged around the 5078.52 area, representing the 76.4% retracement of the move from 4901.99 to 5650.01 and another level we have noted. Above the current range, the...

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Litecoin (LTC) Closes Below 50 MA, Risks A Fall To $50 In The Weeks Ahead

Litecoin (LTC) closed below its 50 day moving average and the price is now eyeing further downside amid short term oversold conditions. We saw LTC/USD rally hard after the 50 day moving average crossed over the 200 day moving average to form a golden cross. Most cryptocurrencies were unable to capitalize on that but Litecoin (LTC) had a good run fueled predominantly by the halvening hype. Litecoin (LTC) is due for its next halvening in August that would see its mining rewards split in half which means it will cost twice as much to mine one Litecoin (LTC). This should...

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Sally Ho's Technical Analysis 29 April 2019

Bitcoin Bitcoin (BTC/USD) encountered some buying pressure early in today’s Asian session as the pair climbed higher to the 5172.26 area after trading as low as the 5101.00 figure during yesterday’s North American session. Price activity continues to swirl around the technically-relevant 5176.07 area, representing the 38.2% retracement of the move from 8488.00 to 3128.89. Another key level that the pair has been unable to breach in recent days is the 5225.44 level, representing the 38.2% retracement of the 5650.01 – 4963.00 range. BTC/USD will also need to contend with the 100-bar MA (4-hourly) on a move higher, currently around...

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Sally Ho's Technical Analysis 28 April 2019

Bitcoin Bitcoin (BTC/USD) encountered some profit-taking early in today’s Asian session after the pair tested Offers around the 5221.24 level, just below the 5225.44 area, representing the 38.2% retracement of the 5650.01 – 4963.00 range. Today’s intraday high is also just below the 100-bar MA (4-hourly) which came in at 5235.03 during the move higher. During today’s pullback, the pair dropped to the 5162.12 area and continues to orbit the 5176.07 area that we have written about extensively. Some Bids emerged yesterday around the 5125.13 area, a short-term retracement area, and chartists are looking to see if any additional weakness...

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