Sally Ho's Technical Analysis 2 May 2019

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Bitcoin Bitcoin (BTC/USD) extended recent gains by testing Offers around the 5330.00 figure following a pullback from yesterday’s daily high of 5358.39, its strongest showing since 25 April 2019. Before the move to yesterday’s daily high, Bids emerged right around the 50% retracement of the 4901.99 – 5650.01 range, and then following the yesterday’s daily high Bids emerged right around the 23.6% retracement of the move from 5072.01 to 5358.39.  The Bids that have emerged at technical levels during the past two days suggest BTC/USD could be poised to appreciate further. Notably, the 100-bar MA (4-hourly) just crossed above the…
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Sally Ho's Technical Analysis 2 May 2019

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