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Bitcoin (BTC) Is About To Make Its Next Big Move, Which Way Will It Swing?

Bitcoin (BTC) is about to make its next big move as the volume has been on a steady decline for the past few weeks. In the next few days we are going to see a big breakout but what traders want to know is whether this breakout will be to the upside or the downside. For a while now we have been discussing how BTC/USD is heavily overbought on major time frames and it is long overdue for a pullback. That being said, we have never discounted the possibility of a move to the upside before it eventually comes down....

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Sally Ho's Technical Analysis 26 May 2019

Bitcoin Bitcoin (BTC/USD) managed to remain above an important technical level through the middle of today’s Asian session as Bids continued to support the 7966.03 area, representing the 76.4% retracement of the 8388.00 – 6600.00 range. The pair has traded in a relatively narrow range since early yesterday, with technical Resistance preventing the pair from running too far above the 8114.90 area, representing the 76.4% retracement of the move from 8315.00 to 7467.10. Traders continue to deliberate whether the pair will develop an upward bias or a downward bias. Notably, the 50-bar MA (4-hourly) is creeping up to market activity...

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Bitcoin (BTC): Why Retail Bulls And Bears Are Both Wrong Short Term

There is a serious lack of patience in this market. Big moves in the last two years have left everyone expecting the same roller coaster rides over and over again. While it is true that BTC/USD had a parabolic growth since its creation and has outperformed most financial assets to date, it is important to realize that this cannot go on forever. In fact, I believe that the next bull run will perhaps be the last bull run in the crypto sense of the word. After that, we will see more stability and Bitcoin (BTC) will be on its way...

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Sally Ho's Technical Analysis 25 May 2019

Bitcoin Bitcoin (BTC/USD) reversed course early in today’s Asian session and found some Bids at 7970.00, right around the 76.4% retracement of the 8388.00 – 6600.00 range. During the pair’s move lower this week, traders managed to keep a floor under BTC/USD just below the 50% retracement of the same range. If BTC/USD is going to make meaningful advances on the upside, it will need to establish technical Support in the 7890 – 7990 range. Traders continue to eye the 8114.90 area on the upside, a level that it has tested within the previous 24 hours with Stops elected above....

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Ripple (XRP) Likely To Experience More Pain Than Other Cryptocurrencies

Ripple (XRP) is hanging by a thread as the price eyes a break below the descending triangle in the weeks ahead. XRP/USD has now faced repeated rejections at the 50 week moving average and it is more likely to go down than up. From a risk/reward standpoint, it is plausible to look for entries to sell here. The price might fall below the current support to settle around the next support at $0.147. However, the weekly chart shows that XRP/USD has yet to see the same level of correction as the rest of the market. Ripple (XRP) is still lagging...

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