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Does Bitcoin (BTC) Have Room For Further Downside?

Bitcoin (BTC) has once again run into its downtrend resistance and is thus at risk of further selloff. This has already happened thrice in the past few months. Bitcoin (BTC) fell and closed below the 21 Day EMA in November, 2018 and crashed hard in the weeks that followed. The price is once again at a similar point and is about to test the 21 Day EMA. If it faces rejection this time, the price could drop once again and may trigger further sell off. However, we have reasons to believe that the price may not drop with the same...

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Ripple (XRP) Is Weeks Away From Beginning Its Next Bull Run

Ripple (XRP) is about to complete a giant bullish cypher pattern on the weekly chart. This pattern spans over a period of two years and is about to come to fruition. This means that we could see Ripple (XRP) rise aggressively around the end of the February to correct to the upside. Most of the time in financial markets, a bullish cypher pattern is followed by a big rise to the upside. In the case of cryptocurrencies, this rise is even more aggressive and often comes at a time when the majority of traders don’t expect it. If we look...

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Ethereum (ETH) All Set To Kick Off The Altcoin Rally As Early As February

Ethereum (ETH) is all set to break out against Bitcoin (BTC) in the weeks ahead. The weekly chart for ETH/BTC shows that the price is trading close to the 5 Week EMA. Soon as it breaks above that level, we will see Ethereum (ETH) kick off the next altcoin rally where most cryptocurrencies will gain against Bitcoin (BTC). In December, 2018 Ethereum (ETH) broke out against Bitcoin (BTC) and successfully climbed past the 21 Week EMA. Since then, this level has acted as a strong support. At the moment, the weekly candle is trading just above the 21 Week EMA...

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Could Bitcoin (BTC) Have Bottomed Already?

Bitcoin (BTC) has been trading sideways the past few weeks as majority of cryptocurrency enthusiasts wait for a drop to lower levels. However, it is becoming increasingly clear that we might not see a drop as there are a lot of silent bulls waiting to buy every dip especially in the $3000-$3500 range. BTC/USD has already tested the 200 Week MA and it does not have to fall again to test it again. That being said, the people waiting on the sidelines are not going to get in before Bitcoin (BTC) makes a decisive move. There are discussions regarding a...

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Ripple (XRP) Poised For A Major Rally Against Bitcoin (BTC) In Weeks Ahead

Ripple (XRP) is very close to breaking past the 21 Day EMA against Bitcoin (BTC). When that happens, we could see Ripple (XRP) resume its uptrend against Bitcoin (BTC). This uptrend began in September, 2018 when XRP/BTC climbed atop the 21 Day EMA and ended up closing above the 200 Day MA eventually. So far, it has remained above the 200 Day EMA and is unlikely to fall below it. The RSI looks very favorable for another run up that should see the price break out of the symmetrical triangle in the weeks ahead. The last time XRP/BTC was trading...

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