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Litecoin (LTC) Expected To Decline In The Same Manner In Which It Rallied

Litecoin (LTC) is in a tough spot not only against the US Dollar (USD) but also against Bitcoin (BTC). The daily chart for LTC/BTC shows us the resistance levels that Litecoin (LTC) is up against while trading against Bitcoin (BTC). If we see a decline from current levels, there is nothing much that would stop the price from declining at least 25% before it finds some relief. Lest we forget, it was Litecoin (LTC) not Bitcoin (BTC) that led the parabolic advance of early 2019. We have yet to see a correction in Litecoin (LTC) that would eventually lead to...

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S&P (500) Bearish Outlook Threatens Bitcoin (BTC) Trend Reversal

The S&P 500 (SPX) is on the verge of a major downtrend as the index closed the day below the 50 day EMA yesterday. This recent development on the S&P 500 (SPX) is quite alarming for investors on Wall Street but it is even more alarming for those on Crypto Street because Bitcoin (BTC) or any other cryptocurrency is a riskier investment than buying a stock that is backed by a business behind it. Some might argue saying Bitcoin (BTC) has intrinsic value and all that but that is only one piece of the pie. There are a lot other...

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Bitcoin (BTC) Might Fall A Lot Harder Than Expected

There is a saying on Wall Street that bulls go up the stairs but bears go out the window. There is a lot of truth to it. If we look at the daily chart for BTC/USD we can see how the price struggled to rise towards the top of the descending channel but it took just one candle to erase the whole move. So, it takes a lot of time to build the confidence needed to help the price rally but it does not take much for the price to crash. We have seen that happen over and over again...

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Sally Ho's Technical Analysis 2 October 2019

Bitcoin Bitcoin (BTC/USD) continued to trade a key technical level early in today’s Asian session as traders reacted to the 8474.00 area, a level that represents the 23.6% retracement of the 10939.34 – 7712.45 range.  The pair topped out around the 8535.00 area during yesterday’s North American session after the pair’s upward trajectory became evident during yesterday’s Asian session when Bids emerged around the 8188.00 area, representing the 61.8% retracement of the move from 4702.53 – 13868.44.  The pair’s ascent yesterday saw BTC/USD test the 50-bar MA (4-hourly), the latest indication of its short-term strength as traders seek to reclaim...

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Ethereum (ETH) Likely To Fall Aggressively As Dominance Rally Fails

Ethereum dominance rally has failed despite the recent bullishness. We have seen it fail to break past the 61.8% fib retracement level. It is now on the verge of a downtrend and we have already seen early signs of that as Ethereum (ETH) has once again started to decline more aggressively compared to Bitcoin (BTC) after facing rejection. The daily chart for Ethereum dominance (ETH.D) further shows us that we might see a descending triangle form on the daily chart in the near future but at this point a sharp decline is extremely likely. Until and unless we have a...

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