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Ethereum (ETH) And Other Altcoins Risk Extreme Capital Flight

Bitcoin (BTC) dominance has reached has reached 61%. This is something we have not seen in a long time. The market is frustrated that Bitcoin (BTC) keeps on shooting up while altcoins like Ethereum (ETH) lag behind. If we look at the weekly chart for ETH/USD, we can see why it has been lagging behind. The price is trading in a large ascending triangle as well as a horizontal resistance around $340. The price is very likely to start falling from here and if it ends up breaking below the ascending wedge, we will see it decline to the bottom...

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What If Bitcoin (BTC) Is In A Multiyear Bear Market?

Bitcoin (BTC) might be in a multi-year bear market and we have good reason to believe that this might be a case. There is a lot of noise and confusion on the shorter time frames but the big picture always shows us everything in a crystal clear manner without any ambiguities. If we look at the monthly chart for BTC/USD without using any fancy technical analysis tools but just drawing a simple trend line, we see two things. The first thing we see is that when BTC/USD broke and closed below the 21 Month EMA for the first time since...

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Is The Bitcoin Bear Market Over Already?

Bitcoin (BTC) has shot up to make more than a 10% move in just a few hours. This is a big move but those that have been looking at the bigger picture would know that this is nothing significant. In fact, the price was expected to do this after it broke below the trend line support at the beginning of this month. Now, the trend line support has turned into trend line resistance and the price has just tested it. Until and unless BTC/USD breaks above this trend line, this is nothing significant because there are a lot of other...

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Sally Ho's Technical Analysis 26 June 2019

Litecoin Litecoin (LTC/USD) recently traded at its strongest level since May 2018, printing as high as the 146.00 figure this past weekend before moving lower during recent trading sessions after it fell below the 50-bar MA (4-hourly) and tested the 100-bar MA (4-hourly).  The move higher over the weekend was capped right around the 76.4% retracement of the move from 182.35 to 22.17, an important technical level. Recent lows have been around the 132.13 area, representing the 61.8% retracement of the 144.28 – 112.72 range. Above current market activity, technical Resistance is expected around the 140.70 area, representing the 61.8%...

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Ethereum (ETH) Might Fall To New Lows Against Bitcoin (BTC) During Next Crash

Ethereum (ETH) has started to decline sharply towards the bottom of a descending triangle as we can see on the weekly chart for ETH/BTC. This is a very bearish development but it could get even more bearish if the price ends up breaking below this triangle. Investors are quickly losing their faith in altcoins as Bitcoin (BTC) continues to outperform the rest of the market. This might be accelerated by investors trading their altcoins for Bitcoin (BTC) to cash out before the next downtrend. With Bitcoin (BTC), they can sell their stash on an over the counter (OTC) market but...

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