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Bitcoin (BTC) Could Fall Below $2,000 During The Next Market Correction

Bitcoin (BTC) has been trading sideways the past few days in anticipation of a move to the upside before the next big correction to the downside. However, so far that does not seem to be progressing as planned. Apparently, a lot more people have become bearish the past few weeks and most of them expect a drop to at least $3,000 if not lower. The majority of Bitcoin (BTC) bears expect a drop below $2,000 in order for BTC/USD to find its true bottom. However, we believe that the chances of a close below the $2,000 mark are quite low...

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Sally Ho's Technical Analysis - 8th March 2019

4 successive Daily bars with Higher Lows and nearly Higher Highs (ex-Thursday) is constructive for BTC/USD in the short-term. Bulls caused Stops to be elected above 3895.00, representing the 61.8% Retracement of the 4239.37 (24/12/18) – 3337.87 (29/1/19) range, with follow-through to an Intraday High of 3909.10 early in the European session. 3921.90 remains a short-term upside price objective, representing the 50% Retracement of the 4188.79 (23/2/19) – 3655.00 (27/2/19) range with additional Selling pressure possible around the 3923.64 level, representing the 61.8% Retracement of the 4414.89 (29/11/18) – 3128.89 (15/12/18) range. Additional Buying pressure opens up Upside Retracement objectives...

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Cardano (ADA) Likely To Shoot Up Against Bitcoin (BTC) By Weekend

Cardano (ADA) is not an ordinary blockchain project. In fact, when it entered the scene, a lot of people thought it was game over for Ethereum (ETH). That has not happened so far as the team has mostly been focused on development instead of marketing. Ledger wallet integration for ADA is expected in the near future. Moreover, exchanges like Binance and Coinbase have added ADA pairs that have made Cardano (ADA) to fiat and crypto transactions a lot easier. If the cryptocurrency ends up being listed on Ledger before the next bull run, we might see demand for this coin...

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Neo (NEO) Community Continues To Grow, Price Poised For A Big Breakout

Neo (NEO) long hailed as the Chinese Ethereum is now on an ambitious plan to grow its community. In the past few months, we have seen Neo (NEO) make a lot of progress towards building a loyal community. In this market, a loyal community is even more important for the survival and growth of a cryptocurrency. No matter how weak a project might be from a technological standpoint, if it has a loyal community it will do well. In the past, we have seen this force keep a lot of projects relevant and we have also seen the absence of...

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Correlation Between Bitcoin (BTC) And S&P 500 Points To Major Sell Off Ahead

Bitcoin (BTC) investors keep pointing to correlations between the S&P 500 and Bitcoin (BTC) when it suits them most of the time. However, when things start to get too realistic, this correlation is all of a sudden forgotten. A lot of analysts and investors have in the recent past pointed to short term inverse relationships between the S&P 500 and Bitcoin (BTC) but in that they have ignored the long term direct relationship that makes a lot more sense. It is important to note though that if the S&P 500 (SPX) rises when BTC/USD falls at some point that does...

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