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Ethereum (ETH) Is At A Crucial Turning Point, Big Move Expected Ahead

Ethereum (ETH) is at an important turning point. The price continues to trade in an important symmetrical triangle. Breaking out of this triangle will have important implications not just for ETH/USD but also for ETH/BTC. This is now a do or die situation for Ethereum (ETH). If it fails to garner the support to rally further and break past the $233 resistance, then we might be looking at a major decline below the symmetrical triangle in the near future. It is important to note that the next major decline in ETH/USD might be a lot different than the ones we...

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Biden Win Might Help Bitcoin Rally 

Bitcoin is still waiting on the stock market for its next big move but yesterday’s developments might prove to be helpful for Bitcoin as the S&P 500 (SPX) starts trading today. We have previously noted how closely BTC/USD follows the stock market and if we see the market react positively to the recent Biden win on Super Tuesday, Bitcoin is likely to follow. It is important to realize that the stock market is currently at a point where big swings to both sides can be expected. Interestingly enough, BTC/USD is now at a similar point and thus equally prepared for...

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Do Analytics Companies Need More Involvement in Platform Hacks?

Over the course of 2019, eight cryptocurrency platforms were hacked including Bithumb and Cryptopia.  As we start off the third month of 2020 we have seen the Decentralized Lending Protocol bZx hacked twice in just a matter of days this year.  Despite the public announcement of such security breaches, recovery of the stolen funds has not yet been addressed. Over the course of 2019, eight cryptocurrency platforms were hacked including Bithumb and Cryptopia. As we start off the third month of 2020 we have seen the Decentralized Lending Protocol bZx hacked twice in just a matter of days this year....

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Bitcoin (BTC) Awaits The Next S&P 500 (SPX) Move For Direction 

Bitcoin (BTC) awaits the next big move in the S&P 500 (SPX) after the important Super Tuesday results. The results show Joe Biden in the lead which is a good sign for Wall Street and we might see the markets rally today with BTC/USD rallying as well. So far, the index remains below the 200-day moving average. More importantly, it has yet to break past the 1.272 fib level which stands between the next uptrend and a continuation of the ongoing correction. It is important to realize that the index might rally in reaction to yesterday’s developments but we would...

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Sally Ho's Technical Analysis 4 March 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair moved higher to the 8751.21 level after finding support around the 8635.31 area during yesterday’s European session.  BTC/USD had earlier traded as high as the 8973.45 level during yesterday’s Asian session before depreciating.   Traders continue to evaluate the pair’s recent depreciation from the 10522.51 area to determine if more selling pressure could be in store, or if the pair has established a relative low for the foreseeable future.  The 8552 area was an important downside price objective that was tested last week, one that became important after selling pressure...

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