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Ripple (XRP) Faces Strong Rejection At 21 Day EMA Against Bitcoin (BTC)

Ripple (XRP) has just faced a strong rejection at the 21 day exponential moving average against Bitcoin (BTC). This is a strong setback for XRP/BTC considering the price is already in a do or die situation. The only thing that could save Ripple (XRP) from significant further downside is a rise above the 50 day moving average. If it fails to do that and faces a rejection at the 50 day moving average, we might see a strong decline below the 200 day moving average. If the price falls below the 200 day moving average, we could see it flash...

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Bitcoin (BTC) Likely To Complete Its Final Move To The Upside This Week

Bitcoin (BTC) is long overdue for one strong move to the upside that can complete the bullish gartley pattern seen on the daily chart for BTC/USD. This move would also position Bitcoin (BTC) for a fall on the weekly time frame and thus set the ground for the final corrective wave to the downside. However, before that happens, a move to the upside is mandatory. We have called for this move in most of our previous analyses but the price has been stalling this move so far. We also mentioned that this move will occur around the end of a...

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Sally Ho's Technical Analysis 15th March 2019

BTC/USD (Bitcoin/ US dollar) Bitcoin (BTC/USD) displayed some serious volatility along with many of the majors in the alt-coin complex during Thursday’s North American session. In short order, the pair sharply escalated from around the 3850 level to the 3900.00 figure before bidding a hasty retreat to the 3779 level, and then reclaiming most of its lost ground. Stops were triggered above the 3866.46 level, representing the 200-bar MA (240 minutes) and then the 3878.34 level, representing the 23.6% retracement of the 3655 – 3947.33 range. During the sharp spin lower, BTC/USD encountered technical Support just below the 3780.97 level,...

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Ethereum (ETH) Divergence From Bitcoin (BTC) Finally Comes To An End

Ethereum (ETH) started to diverge from Bitcoin (BTC) around the end of February, 2019. This led to a state of confusion in the market as investors were confused whether to follow ETH/USD or BTC/USD. This was a strong indicator of the disconnect between Bitcoin (BTC) maximalists and altcoin believers. Most Bitcoin (BTC) maximalists believe that all cryptocurrencies apart from Bitcoin (BTC) are scams. Well, if you think about them as cryptocurrencies then yeah, they are a scam. Why? Because Bitcoin (BTC) was created to solve the double spending problem and to create a digital currency that is protected from inflation....

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Ripple (XRP) Caught Between Rock And A Hard Place

Ripple (XRP) is in a tough spot. The daily chart for XRP/BTC shows that the price has just a few days of time to make up its mind. If the bulls fail to push the price above the 50 day moving average, it will be at risk of a decline below the 200 day moving average. If that happens, we will see the price drop to the 1.272 Fib extension level. The daily trading conditions for XRP/BTC are not favorable for a strong rally from current levels but at least the price can break above and manage to stay above...

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