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Ripple (XRP) Has To Make Its Next Decisive Move By The End Of Next Month

Ripple (XRP) has been trading sideways for a while but now it is time to make a decisive move. The price is already consolidating below the 21 Week EMA but it has reached the end of the line trading inside a diamond formation. XRP/USD entered this diamond pattern in April, 2018 and will have to break out of it by February, 2019. The price is currently trading at the bottom of this diamond formation and a few strong moves to the upside might easily facilitate a breakout to the upside. Such a break out is going to be very helpful...

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Bitcoin (BTC) Kiss Of Death Sell Signal Or Bullish Diamond Breakout?

Bitcoin (BTC) has printed six red candles in a row on the monthly time frame. The price seems to be close to a local bottom for now and a recovery towards the previous market structure is expected. However, the global economy is in state of turmoil and financial markets are marred by uncertainty and chaos. The sole purpose of the creation of Bitcoin (BTC) was to reduce dependence on trust backed cryptocurrencies and make the transition to a trustless economy where money is something that has intrinsic value. It was thus obvious to see that if Bitcoin (BTC) gained mass...

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Ripple (XRP) Reclaims Second Spot Just Before Beginning Of The Next Rally

Ripple (XRP) is once again the second largest coin by market cap. The past few weeks have been somewhat bullish for Ethereum (ETH) due to the hype surrounding its upcoming hard fork. This was what resulted in Ethereum (ETH) cutting XRP/USD to size after allowing it to remain on the second spot for weeks. However, soon after the hard fork delay, we have seen ETH/USD decline and now Ripple (XRP) seems to be in a better position to continue to remain as the second largest coin by market capitalization. The compound effect of the growing number of partnerships and upcoming...

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Ethereum (ETH) Remains Above The 61.8% Fib Level Despite Hard Fork Delay

Ethereum (ETH) is likely to trade higher in the days ahead as the price has remained above the 61.8% Fib extension level despite the hard fork postponement. Investors seem to have overreacted to ETH/USD following the recent announcement but now that the dust has settled, the momentum is starting to shift back in favor of the bulls. It is important to note that at this point, the majority of investors in the market are people with nerves of steel. You are not going to see them fleeing the battlefield on announcements like these. In fact, the most likely scenario is...

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EUR/USD Outlook Hints At Massive Rally For Bitcoin (BTC) In The Weeks Ahead

The future outlook of Bitcoin (BTC) is looking brighter in the months ahead as EUR/USD is likely to begin an aggressive rally as early as this week. It has already bottomed out over the past few weeks and is now ready to climb towards February, 2018 levels. This forecast has got many thinking whether such a parabolic rise in EUR/USD would also mean that Bitcoin (BTC) would repeat the 2017-18 cycle instead of trading sideways for the next few years. Well, we believe that to be the case because things are happening at a much faster pace than before. Commodities...

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