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Bitcoin (BTC) Nuclear Winter To Follow If Price Closes Below 200 Week MA

Bitcoin (BTC) is trading close to its 200 Week MA but things could soon get out of hand if the price breaks and closes below it. This is because in its entire trading history, Bitcoin (BTC) has never closed below the 200 Week MA. If something like that were to happen for the first time, it would be a major confidence breaker and it may take years or decades to restore faith in cryptocurrencies again. It would also make Dr. Craig S. Wright a lot happier as BTC/USD would have no reason not to fall towards zero should that happen....

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Ethereum (ETH) Refuses To Give In To Further Sell Pressure From Bitcoin (BTC)

Ethereum (ETH) declined heavily against Bitcoin (BTC) in the past 48 hours but now it has started defending against additional sell pressure. In fact, Ethereum (ETH) is actually up against Bitcoin (BTC) for the day and is expected to continue to rise further as market recovery ensues. Most cryptocurrencies including Ethereum (ETH) have fallen more than 95% from their all-time high but so far there is no floor in sight. The price does seem to have found support just above the $100 level but it is not clear yet whether ETH/USD might be able to defend against further decline. So...

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Ripple (XRP) Continues To Outperform Most Cryptocurrencies During Sell-Off

Ripple (XRP) has been known to outperform the market in good times but in the past when Bitcoin (BTC) would fall, XRP/USD would fall a lot more. However, this time that trend seems to have changed completely. During the crashes in the last few months, we have seen XRP/USD perform better than most cryptocurrencies including Ethereum (ETH), Litecoin (LTC) and Stellar (XLM). This is a strong testament to the level of interest in Ripple (XRP) as an investment. In light of all the positive developments surrounding Ripple (XRP)’s partnerships with banks and financial institutions, investor confidence seems to be quite...

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Bitcoin (BTC) Retail Sellers Ready To Run Into The Long Awaited Bear Trap

Bitcoin (BTC) has once again crashed hard in the past 24 hours and traders have reasons to believe that we are due for another December, 2018 styled correction in the days ahead. If we compare the two fractals on the daily chart, it is not hard to notice the similarities. Both of the times BTC/USD was trading inside a triangle and both of the time the price consolidated for a long time before making a decisive move. As both the fractals have a descending triangle, most retail traders innocently assume that the same setup is at play and the price...

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Ethereum (ETH) Breaks Ascending Channel With No Floor In Sight

Ethereum (ETH) has broken below the ascending channel and is now at the mercy of the bears as there is no floor in sight. The 4H chart for ETH/USD shows the price in free fall after breaking below the 61.8% Fib level. In other markets this would be an alarming sign of significant further downside to come but in a market with a combined market cap of just over $100 billion, this could be a non-event. That being said, there does appear to be an orchestrated move to deliberately instill fear in the market. The past few weeks we have...

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