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Ripple (XRP) Is Days Away From Its Most Anticipated Breakout In Months

Ripple (XRP) is at an interesting point in time as the price is currently days away from a massive breakout against Bitcoin (BTC). The weekly chart for XRP/BTC shows how oversold Ripple (XRP) currently is against Bitcoin (BTC). The price is currently trading above the 50 day moving average but could soon break out of the symmetrical triangle to shoot to the upside. This breakout has the potential of being of the strongest breakout in Ripple (XRP)’s trading history. We do not know yet what the catalyst for this breakout might be but the charts tell us that something big...

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Rising Interest In Long Term Treasury Bonds Means Bad Days For Bitcoin (BTC)

Bitcoin (BTC) is at risk of further decline as fears of a recession loom over. The bond market has historically been a very good indicator of an upcoming crisis. Whenever, the yield curve goes negative, it is a cause for alarm as investors become more cautious about short term bonds and get more interested in long term bonds. We have just seen a negative yield curve for the first time since the last financial crisis. This does not look good for the stock market in general and the cryptocurrency market in particular. The reason Bitcoin (BTC) and the cryptocurrency market...

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Ripple (XRP) Sees A Rise In Sell Pressure Just Before A Long Anticipated Breakout

Ripple (XRP) has seen a sudden rise in sell pressure as the price keeps stalling a breakout to the upside. This has encouraged the bears to step up and take control. The daily chart for XRPUSDShorts shows that the number of margined shorts is up more than 2% for the day and is expected to rise before the weekly close. This shows that the bears are prepared to capitalize on any weakness in the market as the bulls clearly lack the will to push higher from current levels. Ripple (XRP) has suffered the most the past few months compared to...

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Sally Ho's Technical Analysis 24th March

BTC/USD (Bitcoin/ US dollar) Bitcoin (BTC/USD) experienced some relatively light weakness early in Sunday’s European session as the pair again tested the 3961.62 level, a key technical level that represents the 23.6% retracement of the 3655.00 – 4056.33 range.  The level’s technical significance was confirmed on Thursday after Bears triggered heavy Stops that saw BTC/USD decline as low as 3915.14. The pair has been trading in a relatively tight range that stated to form late Thursday after plumbing the 3915.14 area.  The psychologically-important 4000.00 figure has coincided with an area of technical Resistance around the 3998.82 level, representing the 61.8%...

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Bitcoin (BTC) Likely To Retrace To 21 Day EMA Before Rally Towards $4,500

Bitcoin (BTC) is trading just below $4,000 and eyes a retest of the trend line resistance. Overbought conditions on the daily time frame have once again become favorable for a rally to the upside. However, the price is extremely unlikely to break out of the symmetrical triangle this week. The daily chart for BTC/USD shows that we might see a retest of the 21 day exponential moving average before the weekly close. The price could fall further to retest the 38.2% Fib level but it is still expected to be in a position for a quick rally towards $4,500 before...

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