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Bitcoin Finally Begins To Decline

Bitcoin (BTC) has finally started to decline. We have now seen the price embark upon a major downtrend as the price has finally crashed below $9,000. This was a very important level that we have been watching for the past week and it is therefore important to wait for confirmation and see if the price closes or below this level. The 21 Week EMA is going to be an important level to watch to see if BTC/USD can manage to remain above it. If the price closes below it, then the decline is likely to be very brutal. There is...

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Bitcoin (BTC) Has Finally Begun Its Downtrend. What Happens Next?

Bitcoin (BTC) is ready to decline further as it has begun its downtrend. The next few days are going to be crucial because we will see the market take a definitive direction. As of now, BTC/USD is still holding strong above the 21 Week EMA but it is unlikely to remain there for long. We are likely to see a major decline over the weekend. If the price does decline below the 21 Week EMA then it will be a sharp one and we might see a similar downtrend to what we have seen in the past when BTC/USD has...

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Sally Ho's Technical Analysis 8 November 2019

Bitcoin Bitcoin (BTC/USD) was quite volatile early in today’s Asian session as the pair depreciated to the 9075.00 level before rocketing higher to the 9250.82 area. Traders observed some very technical trading during yesterday’s Asian and European sessions as the pair traded higher to the 9375.16 area, right around the 61.8% retracement of the 6815.28 – 13868.44 range. Selling pressure then commenced and knocked the pair lower to the 9123.22 area, right around the 50% retracement of the 10944.67 – 7301.77 range.  Traders pushed the pair below the 50-bar MA (4-hourly) during the move lower. The pair’s move lower has...

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Why Ethereum (ETH) Could Fall Really Hard During The Upcoming Downtrend

Ethereum (ETH) could fall really hard during the upcoming downtrend and that is not just against the US Dollar (USD). The 4H chart for ETH/BTC that we see here is from one of our analyses from months ago. As we can see, it has played out perfectly and just when the ETH/BTC touched our fib circle around the middle of October, it started to decline. Currently, it remains below the 200 EMA on the 4H time frame. If it were to decline further, then we would expect it to decline down to the next fib circle before the end of...

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Bitcoin Risks Crash Below Key Structure

Bitcoin seems ready to begin its downtrend. The weekly chart for BTC/USD shows the price struggling hard to remain above the 13 Week EMA. However, a decline from here would put the price right next to the 21 Week EMA which would be very hard to find support on because the bearish momentum that builds up would be really hard to contain. Please note that this time it is not about bridging the CME Futures gap as that is out of the equation and already done. Now a decline from here means a real decline and I don’t think the...

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