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Ethereum (ETH) Breaks Critical Trend Line Support, Primed For New Lows

Ethereum (ETH) has finally broken below a large bearish pennant against Bitcoin (BTC). This has led to the price breaking a strong trend line support that had held since December, 2018 when ETH/BTC found a temporary bottom. In the recent past, Bitcoin (BTC) has been rallying more aggressively compared to Ethereum (ETH) or Ripple (XRP) but when it comes to declines, altcoins still fall harder than Bitcoin (BTC). This means that it was expected that altcoins would end up breaking key supports against Bitcoin (BTC) during the next pullback. I think all of this is just getting started. By the...

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Bitcoin Still (BTC) Likely To Rally Towards $5,800 By End Of The Month

Bitcoin (BTC) is still very likely to rally towards the resistance zone at $5,800-$6,000 despite the recent retracement. The price rallied too high too soon and this pullback was expected. The price seems to have reverted to mean within the ascending channel it is trading in. Now we can expect it to consolidate for a whole before rallying towards $5,800. We have long been expecting this retest as discussed in my previous analyses. If the price is to go down towards $1,800 it has to face a strong rejection at the previous market structure which is also the resistance zone...

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Analyst Indicates Nasdaq Is Subtly Testing BTC-Based Product

The second-biggest stock exchange in the world, Nasdaq is allegedly testing trading of a Bitcoin-based product. This is all according to a tweet by the popular Cryptopolis analyst posted earlier this week. The popular Twitter crypto personality tweeted that he bought one Bitcoin through an account on retail brokerage firm TD Ameritrade (NASDAQ AMTD) at the start of the week. BREAKING: BTC is now being traded on the Nasdaq! I bought one BTC through my TDAmeritrade account! According to the chart it started trading April 10, 2019!! Other digital assets are soon to follow!!  🚀🚀🚀 pic.twitter.com/1VgE1Whoa4 — Cryptopolis (@cryptopolis_x) April...

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Sally Ho's Technical Analysis 24 April 2019

Bitcoin Bitcoin (BTC/USD) gave back some of yesterday’s strong gains during today’s Asian session, trading as low as the 5483.07 level, a key technical area that is right around the 38.2% retracement of the recent move from 5213.34 to 5650.01. The pair traded as high as the 5650.01 level yesterday, the pair’s strongest print since 18 November 2018. During the Asian session, BTC/USD moved back to the 5566.54 area, representing the 50% retracement of yesterday’s high through today’s intraday low. Upside targets related to this range include 5586.24/ 5610.61.  Chartists are waiting to see how the pair trades around the...

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Litecoin (LTC): Descending Triangle Hints At Strong Possibility Of Sell-Off

Litecoin (LTC) has recently been ahead of the market which is a good thing because sometimes it helps us see which way the rest of the market is going to go. It has done this on numerous occasions and we think it can do that again. The 4H chart for LTC/USD shows that the price is trading within a large descending triangle. Most of the descending triangles have a history of breaking to the downside especially when it comes to cryptocurrencies. The price is likely to decline to the 200 EMA on the 4H time frame to say the least....

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