Sally Ho's Technical Analysis 16 August 2019

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Bitcoin Bitcoin (BTC/USD) gained a little bit of ground early in today’s Asian session as the pair escalated higher to the 10,154.74 level following another sharp move lower overnight that saw the pair test the 9,470.00 level, its weakest print since late July.  The pair was unable to get back above the 10,234.22 area during yesterday’s Asian session and European session, representing the 50% retracement of the move from 6,600 to 13,868.44.  Bids emerged around the 9,470.23 level during today’s Asian session to reverse the quick decline lower, representing the 50% retracement of the move from 5,072.01 to 13,868.44.  The…
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Sally Ho's Technical Analysis 16 August 2019

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