Sally Ho's Technical Analysis 9 November 2019

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Bitcoin Bitcoin (BTC/USD) extended its recent depreciation early in today’s Asian session as the pair traded as low as the 8712.52 area.  Selling pressure commenced during yesterday’s Asian session from the 9244.18 area, knocking BTC/USD lower to the 8915.00 area by the European session. Some short covering took place around that level as it is right around the 50% retracement of the 7296.44 – 10540.49 range.  BTC/USD Bears then resumed their intraday carnage, electing Stops below the 8840.73 area, representing the 50% retracement of the 10382.08 – 7299.37 range.  Additional Stops were then triggered below the 8688.03 area, representing the…
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Sally Ho's Technical Analysis 9 November 2019

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