Sally Ho's Technical Analysis 15th April 2019

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Bitcoin Bitcoin (BTC/USD) scored strong gains during today’s Asian session, rocketing to the 5191.19 level. In our 14 April 2019 analysis, we identified the 50-bar MA (4-hourly) as technical Resistance and strong Stops were elected above the 5137.67 area after traders tested this key area.  The pair reached the 5191.19 level, just below the 50% retracement of the 5488.00 – 4901.99 range. Additional Stops were elected above the 5125.85 area, representing the 38.2% retracement of the same range. Notably, there were some early indications during the Asian session that BTC/USD was trying to derive technical Support at the 50-bar MA…
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Sally Ho's Technical Analysis 15th April 2019

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