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Why Ethereum (ETH) Is On The Verge Of A Crippling Downtrend

Ethereum (ETH) has long been very vulnerable and on the verge of a downtrend. If you zoom in on the price action around the 21 day EMA, you would notice how the price kept on facing rejection to break past that level. Even before that, the price had a hard time breaking past the 21 day EMA and considering that the cryptocurrency market is primed for a sharp decline from current levels, this move was unusual to say the least. That being said, it has now tested the top of the descending channel it has been trading in and is...

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Bitcoin (BTC)’s Next Move Is Going To Shape The Direction Of The Market

Bitcoin (BTC)’s next move is going to shape the direction of the market. Many of you might be wondering, “isn’t that obvious?” Well, it’s not. For the past few days, Ethereum (ETH) not Bitcoin (BTC) has been dictating the direction of the market because it has been winning the dominance battle. Ethereum (ETH) has won a couple of battles but can it win the war? I don’t see it happening. If BTC/USD holds its ground while altcoins begin their correction, we might see a trend reversal in Bitcoin dominance which would pave the way for more downside in the market...

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Bitcoin (BTC) And Altcoins Are At A Decision Point

Like it or not the cryptocurrency market is at a decision point. As a trader, you have to make a decision here depending on whether you are bullish or bearish on the market. If you want to wait it out, then that indecision is also a decision in itself. In other words, this is the time when it is going to make all the difference which way you lean. If we look at Bitcoin dominance, it has declined to a key support on the daily chart. This level cannot break if we are to see Bitcoin dominance rise in the...

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Sally Ho's Technical Analysis 18 September 2019

Bitcoin Bitcoin (BTC/USD) sought direction early in today’s Asian session as the pair traded as high as the 10258.00 area after trading as low as the 10167.14 area late in yesterday’s North American session.  The pair’s range was relatively tight as traders were unable to lift the pair above its 100-bar MA (4-hourly) during yesterday’s European session or North American session.  The pair continues to orbit its 50-bar MA (4-hourly), 100-bar MA (4-hourly), and 200-bar MA (4-hourly), all of which recently converged above the psychologically-important 10000 figure. BTC/USD has also been unable to move above the 100-bar MA (hourly) for...

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Ethereum (ETH) Dominance Continues To Rise Amid Serious Price Manipulation

Ethereum (ETH) and other altcoins have been on a roll for the past few days. In the weeks and months leading to this strong rally or staged pumps, the altcoin market suffered a lot. The daily chart for Ethereum Dominance (ETH.D) shows how Ethereum (ETH)’s dominance had been in a steady decline. It made sense to see some short term relief but now this rally has gone too far too soon which ends in blood for the average trader most of the time. It is very alarming that people are this bullish on altcoins when Bitcoin (BTC) is ready to...

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