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Ethereum (ETH) Risks Losing More Ground Against Bitcoin (BTC) In The Near Future

Ethereum (ETH) has lost significantly agaisnt Bitcoin (BTC) in the past 24 hours. The move was a sharp one that led to ETH/USD leading the crash with the rest of the market following. The cryptocurrency declined hard against Bitcoin (BTC) as well as we can see on the 4H chart for ETH/BTC. It has now declined below a key support at the 19,618 satoshi level and is expected to head lower should it fail to climb back above it. The pair is eventually expected to decline to the bottom of the descending channel but before that happens, we could expect...

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Is Bitcoin (BTC) Ready To Crash Again? (December 2019)

Bitcoin (BTC) declined quite aggressively yesterday as a result of an Ethereum (ETH) led decline. This has now been more than a 4% decline in BTC/USD but a much more aggressive decline in the case of Ethereum (ETH) and other cryptocurrencies. The falling wedge on the 4H chart has now clearly been invalidated and the fact that Bitcoin (BTC) plunged below the $7,000 support zone has now paved the path for a much more aggressive downtrend in the near future. Even though the Fear and Greed Index is now at “extreme fear”, the near-term outlook remains bleak. A quick glance...

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Bitcoin (BTC) Could Still Trade North Of $7,000 But Not For Long

Bitcoin (BTC) crashed hard yesterday but not as hard as the rest of the market. The sharp move to the downside was triggered by a decline in Ethereum (ETH) which dragged down the rest of the market with it. This was an interesting development because usually it is Bitcoin (BTC) that leads the market at turning points. This might have to do with altcoin projects selling their stash of Ethereum (ETH) before the next decline. Regardless of the reasons, it has now pushed BTC/USD below the key $7,000 level which had been a strong support zone. The price will now...

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Sally Ho's Technical Analysis 17 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) moved marginally higher early in today’s Asian session as the pair traded as high as the 6890.00 level following its rapid depreciation to the 6803.24 area during yesterday’s North American session.  Stops were elected below the 6841.36 area during the move lower, representing the 76.4% retracement of the move from 4670.53 to 13868.44.  The pair’s inability to sustain upward movements in price became evident again on Sunday when the pair was pushed higher to the 7220.01 area but qiuickly came off, its latest failure to sustain follow-through buying.  Thereafter, the pair became pressured below the 7084.98 level,...

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Is Stellar Lumens (XLM) About To Pump Again?

Stellar Lumens (XLM) is trading in a similar falling wedge that we have recently spotted on Bitcoin (BTC) and Ethereum (ETH). However, in the case of XLM/USD, this falling wedge has the potential to lead to a much more aggressive breakout that could see the price rally all the way towards the $0.0625 mark before it resumes its downtrend. It will be very unlikely for Stellar (XLM) to make a decisive break past the 200 moving average but we could definitely see another pump similar to what we saw towards the end of last year. This would inflict serious pain...

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