Sally Ho's Technical Analysis 6th April 2019


Bitcoin (BTC/USD) extended its recent run higher following its test and bounce above the 4761.41 level earlier this week, trading as high as the 5066.59 level during today’s Asian session.  As noted in our 4 April 2019 analysis, the 4761.41 area remains a key technical level, representing the 38.2% retracement of the 7402.50 – 3128.89 range. Traders were unable to take BTC/USD too far above the 5061.50 level, representing the 50% retracement of the 5345.00 – 4778.00 range. Short-term related upside technical Resistance is also expected around the 5128.41 and 5211.19 levels. Price activity is nearest the 50-bar MA (4-hourly)…
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Sally Ho's Technical Analysis 6th April 2019

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