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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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Bitcoin (BTC) Could Flash Crash To $3,000 Before A Breakout To The Upside

Bitcoin (BTC) has dropped more than 80% from its all-time high which means there is not much room for further downside here. Even if the price drops further, it is very likely to find a bottom between $2,000 and $3,000. The last time BTC/USD crashed, the price was trading inside a descending triangle. This time the circumstances are slightly different as the price is trading in an ascending triangle. A lot of analysts and investors take it as a sign of trend reversal which means BTC/USD will revert to mean when it breaks above this triangle and rises towards the...

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Litecoin (LTC) Likely To Slide Below $50 In The Near Future

Litecoin (LTC) is at a risk of a major decline as the price has run into a strong resistance and faced a rejection. The near term outlook indicates that the price could slide down to the 38.2% Fib extension level in the days ahead. This fall would pull the price close to the 200 day moving average. If the bulls fail to step up, we might see a decline below the 200 day moving average. So far, the probability of such a decline for the rest of the market remains low but Litecoin (LTC) already had a series of rallies...

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Ripple (XRP) Bulls In Control Before The Biggest Breakout In Months

Ripple (XRP) has done really well in the past few days when the rest of the market had succumbed to sell pressure. It did a lot better than Bitcoin (BTC) and has still declined less than 1% while most cryptocurrencies are down more than 2%. This confirms our view that Ripple (XRP) is poised for a major break out and investors are going to want to profit off the upcoming rally. The number of margined longs for Ripple (XRP) shows that the bulls are still in control. The daily chart for XRPUSDLongs shows that the bulls are still in charge...

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Bitcoin (BTC) Shorts Begin To Pile Up As Bulls Give Up Once Again

Bitcoin (BTC) shorts have once again started to pile up as the bulls have lost control once again. This is all for the best as BTCUSDShorts would now be able to test the trend line resistance. If it faces a rejection at that level, we should see a rise in BTC/USD. We expect that to happen this week as BTC/USD has to make one last move to the upside before the correction to the downside can begin. Before this move to the upside, the probability of a fall in BTC/USD remains very low. The daily chart for BTCUSDShorts shows that...

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