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Bears Be Careful, Ethereum (ETH) May Yet See Further Upside Against Bitcoin

Ethereum (ETH) is often the go to currency for futures traders because of larger moves and higher funding rates than Bitcoin (BTC). In other words, it pays better to be short on Ethereum (ETH) than on Bitcoin (BTC). However, it comes with its risks. As we have seen recently, BTC/USD has been trading sideways for the most part but not Ethereum (ETH). The 4H chart for ETH/BTC shows how Ethereum (ETH) has been in a constant uptrend against Bitcoin (BTC) in the recent past. The pair has now pierced through the 200 EMA and found support on the 38.2% fib...

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Bitcoin Manipulation May Not Be Over Yet

Bitcoin has seen some bearish moves in the recent past. The price declined below the 200 day moving average. This is a bearish development but it might take a while for the price to really begin that strong downtrend. We have seen BTC/USD test the top of the descending channel and it is now only a matter of time for it to decline to the bottom of the descending channel. Another possibility is that the price might end up breaking the descending channel to break to the upside and begin a new uptrend but if it was meant to happen,...

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Bitcoin (BTC) Fails To Defend 200 Day Moving Average, Here’s What It Means

Bitcoin (BTC) fails to defend the 200 day moving average. This is a major development with serious implications. If we take a look at the daily chart for BTC/USD, we can see that the parabolic uptrend began when Bitcoin (BTC) first shot up above the 200 day moving average. In September, the price finally declined below the 200 day moving average but it shot back above it the next month. Now it has once again declined below it. BTC/USD has now closed below the 200 day moving average for the past few days and it does not seem to be...

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Sally Ho's Technical Analysis 11 November 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair was seen trading around the 9074.13 area after trading as high as the 9150.00 area during yesterday’s North American session. That high was right around both the 50-bar MA (4-hourly) and the 100-bar MA (4-hourly), which have just converged.  Prior to the move, the pair had been oscillating around the 8918.47 area, representing the 50% retracement of the 7296.44 – 10540.49 range.  Prior to Friday’s move lower that saw the pair trade as low as the 8660.00 area, the pair had traded above the important 8918.47 area following...

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Bitcoin (BTC) Death Cross Trap And The Road Ahead

Bitcoin (BTC) recently pumped 43% in two days just around a time when everyone was expecting a “death cross” to play out. The mistake that most retail traders make is that they are impatient. They enter trades without confirmation. When they saw a potential “death cross” in the making, many of them entered bearish trades and this became an opportunity for the market makers and the whales to liquidate them. In our analyses around the time, we warned that this might be more of a trap and less of a death cross. Even if it had been a death cross,...

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