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Sally Ho's Technical Analysis 11th April

Bitcoin Bitcoin (BTC/USD) was under pressure early in today’s Asian session with the pair slumping to the 5289.24 level. Traders took the pair as high as the 5488.00 area during yesterday’s North American session before profit-taking took the pair to the 5213.06 level, just above the 76.4% retracement of the 5345.00 – 4778.00 range. Chartists are keeping their eyes on the 5175.79 and 5079.35 areas, representing short-term technical Support related to the 4670.69 – 5488.00 range. Stops are expected below the 5103.32 area, representing the 23.6% retracement of the 3858.00 – 5488.00 range. As noted again in our 10 April...

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Litecoin (LTC) Trading History Points To Sharp Pullback Ahead

Litecoin (LTC) is trading just below $90 having faced a strong rejection at a critical resistance. The price is now due for a major pullback and could retrace to its trend line support that it formed after breaching the downtrend resistance around the beginning of the year. This is the best bullish case there is for LTC/USD and under that case a sharp pullback is due before we see a continuation of this rally. This is considering we have already bottomed and the bulls are right that this is the end of the bear market. Even if we agree with...

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Sally Ho's Technical Analysis 10th April

Bitcoin Bitcoin (BTC/USD) continued to trade extremely technically but was generally confined to a relatively tight range, with volatility accounts awaiting the pair’s next clues. Technical Resistance has kept BTC/USD on the defensive around 5242.39, representing the 50% retracement of the 5352.50 – 5132.28 range. That level is being challenged early in today’s Asian session with chartists eyeing the 5268.38 and 5300.53 levels as next upside targets. As we noted in our 8 April 2019 analysis, chartists and technicians are interested to see if the 5244.04 and 5176.07 levels can become technically constructive. The 5265.70 level continues to be a...

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Sally Ho's Technical Analysis 9th April 2019

Bitcoin Bitcoin (BTC/USD) took a breather early in the Asian session after traders drove the pair as high as the 5314.59 level. Minor Stops were triggered above the 5300.53 level, representing the 76.4% retracement of the recent move from 5352.50 to 5132.28. During today’s pullback, Bids emerged around the 5215.38 area, just above the 5211.19 area which represents the 76.4% retracement of the wider 5345.00 – 4778.00 range, as noted in our 7 April 2019 analysis. Additional selling pressure may see the 5184.25 level tested again, an area that provided intraday technical Support yesterday. As we noted in our 8...

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Sally Ho's Technical Analysis 8th April

Bitcoin Bitcoin (BTC/USD) extended its recent surge higher, testing the 5352.50 level early in the Asian session before profit-taking emerged after the pair reached its highest level since 19 November 2018. Trading over the past several days has been very technically-driven. As noted in our 7 April 2019 analysis, the 5244.04 area remains a key technical level, representing the 50% retracement of the 7402.50 – 3128.89 range, and traders were able to elect Stops above this area. During the pullback, Bids emerged just below the 5176.07 area, representing the 38.2% retracement of the 8488.00 – 3128.89 range, a key level...

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