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Ripple (XRP) Might Hold Its Ground If Bitcoin (BTC) Falls Further

Ripple (XRP) is once again lagging behind while Bitcoin (BTC) is eyeing a break out towards $4,200. The weekly chart for XRP/BTC shows that Ripple (XRP) has yet to break a symmetrical triangle against Bitcoin (BTC) that goes back more than 12 months. Interestingly though, the price has now run out of room to trade sideways which means we will see Ripple (XRP) break out in the next few weeks. Looking at the chart, it is clear that the symmetrical triangle can be characterized as a bullish pennant that could see the price shoot above the trend line resistance to...

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Why Bitcoin (BTC) Could Still Fall Below $3,000

Bitcoin (BTC) is up against a strong resistance as CME Futures expire today. This means that next month will be game-changing for BTC/USD. We will have a clear direction as to where the price is headed because the past few months have been sideways movement for the most part. If BTC/USD breaks above the trend line resistance which is very improbable, we could see an end to this bear market and a new bullish cycle could begin as early as next month. On the other hand, if BTC/USD faces a rejection at this trend line resistance and the bear pennant...

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Litecoin (LTC) Might Repeat History As Price Revisits Critical Resistance

Litecoin (LTC) is all set to repeat history once again as the price revisits a critical trend line resistance. The last time this happened, we saw LTC/USD break straight through the resistance to settle above the 50 day moving average. Considering that Litecoin (LTC) does not have much room to rally this time, we expect the price to break just above the trend line resistance so it can rest atop the 50 day moving average. We could see some sideways movement for a long time before the price rallies again. If Litecoin (LTC) follows the same cycle as before, we...

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Ripple (XRP) Fails To Break Past 50 Day MA While Altcoins Rally Doubt Digits

Ripple (XRP) is going through a tough time as the price closed the day below the 50 day moving average yesterday and is currently showing no signs of a bullish reversal. If it continues to trade below the 50 day moving average, we could see it fall below a critical trend line support. On the other hand, if the price succeeds in breaking above this level, we could see it rise towards the 200 day moving average before it faces a strong rejection. The daily chart for XRP/USD shows that the price is recovering from oversold conditions on the daily...

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Bitcoin (BTC)’s Future Outlook Hinges On Price Action In Next Few Days

Bitcoin (BTC) has printed most of the patterns of the 2014-15 trading cycle so far. The more we see this cycle proceed towards completion, the easier it becomes to spot similarities between now and then. However, the price does not often follow the exact same price action. In other words, history may not necessarily repeat itself but it does rhyme. That is exactly what we have seen happen in the past several months of Bitcoin (BTC)’s bear trend. Certain movements are hard to time but others like a break of market structure or resistance at a historical trend line resistance...

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