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Ethereum (ETH) Falls Below 50 Day EMA Against Bitcoin (BTC) Amid Panic Selling

Ethereum (ETH) has finally declined below the 50 day exponential moving average against Bitcoin (BTC) after testing the key resistance level yesterday. The price ended up closing below the 50 Day EMA, it tested it again today but failed to break past it. The daily chart for ETH/BTC shows that Ethereum (ETH) is primed for a strong downtrend from current levels. It is only a matter of time before we see the price break below the long descending triangle and fall to new yearly lows. This one chart should make it abundantly clear to most altcoin enthusiasts that the market...

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Bitcoin (BTC)’s Decline Could Be Hastened By Strengthening US Dollar

Bitcoin (BTC) declined massively in the past 24 hours after a big crash just when everyone got all excited about the price crossing the $9,000 mark. A lot of analysts and experts took to Twitter and other social media platforms to declare victory only to see the price erasing most of those gains by the end of the day. BTC/USD has been long overdue for a correction but a lot of people were a eyeing a retest of the 38.2% fib retracement level from its all-time high as a potential level for a strong rejection that would lead to the...

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Sally Ho's Technical Analysis 31 May 2019

Bitcoin Bitcoin (BTC/USD) depreciated sharply early in today’s Asian session following the pair’s ascent to the 9090.00 level during yesterday’s North American session, its strongest print for several months. Stops were elected above the 8824.74 area during yesterday’s move higher, representing the 76.4% retracement of the move from 8947.88 to 8426.09. BTC/USD depreciated to the 7972.00 level early in the Asian session after Stops were elected below some key retracement areas including 8278.55 and 8087.05. Stops were also triggered below the 8324.13 level, representing the 50-bar MA (4-hourly), and then below the 8063.08 area, representing the 100-bar MA (4-hourly).  Buying...

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Litecoin (LTC) Fails To Break Key Resistance During Recent Altcoin Rally

Litecoin (LTC) rallied with the rest of the altcoin market as they made moves against Bitcoin (BTC). However, it was stopped out at a key resistance against Bitcoin (BTC) as we can see on the daily chart for LTC/BTC. The price could still retest the 38.2% fib extension level but it seems to have run out of steam for now. Any move to the upside is likely to leave a long wick up as the price is eventually likely to close below the resistance at 0.0134 BTC. Now, the previous rally did see the price rise below this level and...

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Ethereum (ETH) Still Remains In A Strong Downtrend Against Bitcoin (BTC)

Ethereum (ETH) and other altcoins are at a very interesting point. The daily chart for ETH/BTC shows that Ethereum (ETH) and other cryptocurrencies surged a few percent against Bitcoin (BTC) and all of a sudden everyone starts talking about altcoin season again. That is all fine and good and if it happens but as investors we need not to be in the hoping or wishing business. Looking at the daily chart for ETH/BTC, it is nearly impossible to fathom what makes most of these retail bulls so bullish. There is a strong trend line resistance that goes back to the...

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