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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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Bitcoin (BTC) Remains At Risk Of A Sharp Decline Below $10,000

Bitcoin (BTC) remains at sharp risk of a decline below $10,000. We are very close to seeing a break out of the symmetrical triangle. Those that are bearish expect this break to the downside and those that are bullish expect it to be to the upside. Regardless of that, the breakout is going to happen soon. The price is currently trading below key resistance levels and before it breaks past those levels we have no reason to be bullish. As we can see on the 4H chart for BTC/USD, the price is trading well below the 38.2% fib retracement level...

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Why Bitcoin (BTC) Is Falling And Ethereum (ETH) Is Rising?

Bitcoin (BTC) declined below a key trend line support and is now struggling to break above it. Until it succeeds to break past this trend line support turned resistance, we have no reason to be bullish on BTC/USD. Even the RSI tells us that this downtrend is very much intact. The price is primed for further downside here and if we take a look at the 4H chart for BTC/USD we can see that it remains below the 38.2% fib retracement level from the local high at the top of the symmetrical triangle. There was a fake move to the...

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