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Bitcoin (BTC) Whales Keep Delaying The Inevitable To Trap Desperate Buyers

Bitcoin (BTC) has once again pumped hard in a parabolic manner. The price climbed above $8,000 and touched $8,326 before facing a strong rejection. It is about to fall below $8,000 but it is not yet clear if this frenzy has come to an end. Technical indicators on the daily chart for BTC/USD have not been this bearish for a long time. The RSI is higher than it has ever been throughout the bear market. It is hovering around 86 today on the daily time frame and has now run into a strong resistance. NVT indicator on the daily time...

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Sally Ho's Technical Analysis 14 May 2019

Bitcoin Bitcoin (BTC/USD) resumed its blistering move higher early in today’s Asian session following the pair’s move to 8195.00 late in yesterday’s North American session. The pair then came off to the 7600.00 figure before climbing higher in the Asian session, back above the 8080 level. Stops were elected above the 7581.82 area during the move higher when the pair pushed above the fresh multi-month high established recently on 12 May. Chartists are eyeing the 8339.09 area as an upside target, representing the 76.4% retracement of the 9948.52 – 3128.89 range, and similarly the 8388.78 area represents the 76.4% retracement...

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Litecoin (LTC) Likely To Fall Back To $70 As Price Forms A Double Top

Litecoin (LTC) has topped out and is now at risk of a major decline that could pull its price back to $70 in the days ahead. The RSI as well as the PPO indicator on the 4H chart for LTC/USD point to the likelihood of a strong decline in the near future. The halvening hype has kept Litecoin (LTC) at center stage in the altcoin market despite the fact that Litecoin (LTC)’s future prospects are diminishing with every passing day as Bitcoin (BTC) gets closer to becoming faster and cheaper. We might soon see Bitcoin (BTC) doing all that Litecoin...

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Ethereum (ETH) Ready For Its Next Downtrend As Price Tops Out

Ethereum (ETH) has just faced a strong rejection at the top of a rising wedge that it has been trading in since December, 2018. This rising wedge is at a massive risk of being broken to the downside any time now. What follows after the break down will be very quick which is why the whales keep on delaying the decline because the current market cycle has to be longer than the previous one. Even the people who have been manipulating the market for a while now are trying to get more sophisticated to make things appear more reasonable in...

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Bitcoin (BTC) Could Fall At Least 60% From Current Levels

The Bitcoin (BTC) frenzy is in full swing as the price continues to trade above $7,000 even though it closed the week below it. The number of margined longs keeps on rising on exchanges as analysts and industry leaders euphorically talk about the possibilities of a new bull run this year. Some expect the price to fly to $20,000 while others have even more bullish targets. The irony is that most of the bulls did not even expect this rally, but now that it has happened they are following along without thinking about what this could mean. BTC/USD broke straight...

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