Aug 19, 2019
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Sally Ho’s Technical Analysis 19 August 2019

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Bitcoin

Bitcoin (BTC/USD) continued to try to gain ground above the psychologically-important 10,000 figure early in today’s Asian session as the pair built upon Bids that emerged around the 10,066.66 level during yesterday’s European session.  This level was above the 10,046.06 area, representing the 23.6% retracement of the 13,202.63 – 9,071.00 range, and Bids later emerged above the 10,087.62 area, representing the 76.4% retracement of the move from 8,919.72 to 13,868.44. Additional Bids then emerged around the 10,367.06 area during yesterday’s North American session, representing the 38.2% retracement of the move from 4,702.53 to 13,868.44.

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