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Ripple (XRP)’s Fate Hangs In The Balance As Price Reaches Key Decision Point 

Ripple (XRP) is about to make a big move that will determine its direction for the weeks and months to come. The weekly chart for XRP/USD shows that this is one of the most important decisions that Ripple (XRP) will make since 2018. If the price ends up breaking above the descending triangle that it is currently trading in, we would still need to wait for confirmation to make sure that this is a genuine breakout with follow through. However, if it fails to do that and breaks straight below the key support of $0.21, we would be looking at...

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Bitcoin Whales Vs. Retail Traders

Bitcoin could not make a decision over the weekend because it cannot make such a big move on its own. It has to rely on the outlook of larger markets on trading days to assume a definitive direction. At this point, it is mostly the whales and market makers deciding what happens next in the market. This is made further clear by a look at the commitment of traders (COT) report from Bitcoin CME Futures. We can see how the whales have been trading BTC/USD against retail traders. Some fund mangers have been trying to mimic the moves of these...

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Is Bitcoin (BTC) About To Repeat History Again? 

Bitcoin (BTC) is waiting for a decision as it remains within the rising wedge that it has been trading in since the beginning of the year. We have yet to see BTC/USD make a decisive move out of the rising wedge. So far, the probability of Bitcoin (BTC) doing what it has before i.e. printing a gartley pattern and declining lower seems pretty high. The 61.8% fib retracement level at $8,145 has been a strong resistance to breach and if we see a break below the rising wedge then a decline down to the key support at $7,189 will be...

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Sally Ho's Technical Analysis 13 January 2020 BTC ETH

Bitcoin (BTC/USD) remained in a very tight range early in today’s Asian session as the pair was capped around the 8167.25 area, having traded in a rangebound manner during the past day.  After trading as low as the 7963.25 area during yesterday’s Asian session, the pair’s range has been extremely limited.  More evidence of the technical trading activity emerged this weekend when BTC/USD bears commenced with selling pressure around the 8290.00 area, just above the 8280.97 area that represents the 76.4% retracement of the 8469.39 – 7671.00 range.  Bears remained in control down to the 7963.25 area, just below the...

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Bitcoin (BTC) Is One Day Away From Making The Decision, Big Moves Expected Ahead

Bitcoin (BTC) has now reached a key decision point that is of extreme significance. We can see on the daily chart for BTCUSDLongs/BTCUSDShorts that the ratio has been on a parabolic rise since May, 2019. However, it has now come to a point where it will have to decide whether to maintain the uptrend or break it, whichever of the two happens, it has to happen now. This weekend has been inconsequential as most weekends before it, but BTC/USD is very likely to make the decision next week most likely the first day. Historically we have seen such parabolic rallies...

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