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Ethereum (ETH) Is On The Verge Of A Major Breakout Amid Rising Altcoin Season Hopes

Bitcoin (BTC) dominance falls and all of a sudden we see life pumped into the altcoin market again. This time, the altcoin dominance has fallen so much that there is a lot of room for further upside from here. Ethereum (ETH), hailed as the mother of altcoins is going to be the coin to watch for movements in the altcoin market. If we take a look at the 15 min chart for ETH/USD, we can see that Ethereum (ETH) is on the verge of breaking past a key ascending triangle. This breakout will lead to breaching a key resistance level...

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Bitcoin (BTC) Stays Strong Above 50 Day EMA, Significant Further Upside Likely

Bitcoin (BTC) stays strong above the 50 Day EMA. Despite recent attempts to pull BTC/USD below the 21 Day EMA, we see significant strength in the market. The bulls are not ready to cede control and the bears are not determined to bet heavy on a decline from here now that the price has closed above the 50 Day EMA. Bitcoin (BTC) has started the day in red as it retraced from the 21 Day EMA like we expected. We could see it fall even further but the most likely scenario is that it is going to start rising before...

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Sally Ho's Technical Analysis 19 July 2019

Bitcoin Bitcoin (BTC/USD) managed to erase most of its intraweek losses and continued to appreciate early in today’s Asian session, trading as high as the 10,742.87 area after very strong buying activity started during yesterday’s North American session. Traders lifted the pair from the 9,291.00 level, right around the 50% retracement of the move from 4,702.53 to 13,868.44, and later found support around the 10,367.06 area, representing the 38.2% retracement of the same range. Support around this level allowed BTC/USD to nearly test its 50-bar MA (4-hourly) and 200-bar MA (4-hourly). Stops were elected above the 10,046.06 area during the...

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Ethereum (ETH) More Likely To Rise To A New Yearly High Than Bitcoin (BTC)

Ethereum (ETH) is more likely than Bitcoin (BTC) to rise to a new yearly high. ETH/USD has found support on the key 61.8% fib extension level and is expected to rally hard from here if it closes the week above this level. Ethereum (ETH) has seen a brutal correction and might finally get some time to stage a relief rally now. Investors have long been waiting for an altcoin season in this market. They may finally get it if Ethereum (ETH) continues to outpace Bitcoin (BTC) like it has been doing since it completed the correction. The price eyes further...

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Bitcoin (BTC) Bulls Unfazed By Recent Close Below 50 Day EMA

Bitcoin (BTC) bulls seem to be unfazed by the recent close below the 50 Day EMA. The price keeps on breaking out to the upside breaking past one resistance at a time. If we take a look at the 1H chat, we can see that the price is close to another such breakout that could potentially lead to the break of a key downtrend which will pave the way for further upside. The price has been steadily rising since the beginning of the day despite some sell off yesterday. There is a lot of fear in the market and the...

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