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Bitcoin (BTC) Could Still Rally Towards $6,000 But It Is Too Far From Its Bottom

Bitcoin (BTC) broke above the ascending triangle yesterday to stage a fake out that trapped most aggressive bulls that were ultimately forced out of their positions when BTC/USD started to nosedive. The price has declined more than 6% for the day and could now find some relief as bulls FOMO back into the market to buy the dips. The Stochastic RSI on the hourly chart is now heavily oversold as the RSI has declined to a trend line support which means there is a high probability that the bulls could take control from here. That being said, the price is...

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Ethereum (ETH) Eyes Recovery After A Massive Decline

Ethereum (ETH) has currently reached oversold conditions on shorter time frames. This means that the price could bounce up short term to retest the resistance at $187 or possibly extend a rally towards $200 now that fewer people expect it. However, the price still remains overbought on larger time frames and we still believe that it is far from its true bottom yet. That being said, sharp pullbacks like these are followed by some correction to the upside. The Fear and Greed Index has also risen by two points today which means that investors are eager to buy the pullback...

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CryptoDaily Making Huge Strides With TradingView & Our Dedicated Analyst Jefe Caan

TradingView is one of the biggest platforms out there for keeping up to date with the markets. Whether its the regular stock markets, or the crypto markets, TradingView is the place to be for staying to up to date with your investments. As it says on their website, TradingView is “easy and intuitive for beginners”. Furthermore, it is powerful enough for more experienced traders too. All the charting tools that you need to share and view trading ideas are exactly what TradingView provide.   There are more than 4296629 investors that use TradingView with more than 15184326 charts created on...

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Sally Ho's Technical Analysis 11th April

Bitcoin Bitcoin (BTC/USD) was under pressure early in today’s Asian session with the pair slumping to the 5289.24 level. Traders took the pair as high as the 5488.00 area during yesterday’s North American session before profit-taking took the pair to the 5213.06 level, just above the 76.4% retracement of the 5345.00 – 4778.00 range. Chartists are keeping their eyes on the 5175.79 and 5079.35 areas, representing short-term technical Support related to the 4670.69 – 5488.00 range. Stops are expected below the 5103.32 area, representing the 23.6% retracement of the 3858.00 – 5488.00 range. As noted again in our 10 April...

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Litecoin (LTC) Trading History Points To Sharp Pullback Ahead

Litecoin (LTC) is trading just below $90 having faced a strong rejection at a critical resistance. The price is now due for a major pullback and could retrace to its trend line support that it formed after breaching the downtrend resistance around the beginning of the year. This is the best bullish case there is for LTC/USD and under that case a sharp pullback is due before we see a continuation of this rally. This is considering we have already bottomed and the bulls are right that this is the end of the bear market. Even if we agree with...

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