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Ethereum (ETH) Likely To Decline In A Head & Shoulders Formation

Ethereum (ETH) is expected to decline in the next few days as soon as the price falls below the 38.2% fib retracement level. This is a bearish development for ETH/USD but we still think that most investors would not know how bearish it is till the head and shoulders formation on this daily chart for ETH/USD comes to fruition. A fall below the 38.2% would pull it towards the 61.8% fib retracement level. Even if the price rises from there, it will be sandwiched between the 38.2% and the 61.8% fib levels. That is when we expect the right shoulder...

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What The Massive Fall In Bitcoin (BTC) Shorts Means For The Price

Bitcoin (BTC) price continues to show weakness yet the number of shorts fell by 20,000 BTC in one day yesterday. A lot of traders are wondering what this might mean for the price of Bitcoin (BTC) as it is clearly not a short squeeze. If it were a short squeeze, we would have seen a strong pump in the price of Bitcoin (BTC). Well, if we take a look at the daily chart for BTCUSDShorts, we cans see that this is the chart for the number of margined shorts on the Bitfinex exchange. Normally, if such shorts were to be...

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Bitcoin (BTC) Closed Its Most Important Month Since Jan, 2019. What Now?

Bitcoin (BTC) has just closed its most important month since January, 2019. We can see that the close is very bearish and signals further downside. BTC/USD formed a wick to the top of the previous all-time high and has now retraced significantly from there. The price ended up closing not only below the 61.8% fib retracement level but also below a strong resistance level. If we take a look at the weekly chart, we can see that the price has formed a gravestone doji. This is usually a precursor to further downside. The price has topped out here and further...

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CD Mid-Cap Index Inches Lower as Bitshares (BTS) Off 8.0%

The CryptoDaily 21 Leaders Cryptocurrency Index gained marginal ground to 54.11 on Sunday from 54.06 on Saturday, a 0.09% improvement. The 21 Leaders Index is down 2.43% over the past 7 days and is up 11.04% over the past 30 days. Chainlink (LINK) fell 6.6% to a market capitalisation of US$ 1.21 billion as traders booked profits following recent Coinbase and Coinbase Pro listing news. Cosmos (ATOM) came off 6.5% and Monero (XMR) declined 5.1%. The CryptoDaily Large-Cap Cryptocurrency Index inched higher to 37.69 on Sunday from 37.60 on Saturday, a 0.24% expansion. The Large-Cap Index is up +0.78% over...

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Sally Ho's Technical Analysis 1 July 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 11,424.19 area after being lifted higher from the 10,805.00 level in yesterday’s North American session.  A technical clue emerged late in yesterday’s North American session when Bids lifted the pair from daily lows right around the 61.8% retracement of the 8919.72 – 13,868.44 range. The 11,394 and 11,978 levels are the next upside retracement levels related to this range. The pair fell back below the 50-bar MA (4-hourly) during yesterday’s European session. Bitcoin bears are eyeing some important technical levels to the downside....

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