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Bitcoin (BTC)’s 200 Week MA Has Been The Best Bottom Indicator Since 2014

During the last four years, Bitcoin (BTC) has touched the 200 Week MA three times. During all of these three encounters, BTC/USD has not closed the weekly candle below the 200 Week MA. The price has dropped below the 200 Week MA but it was back above the line before the end of the week. This goes on to show that the 200 Week MA is the best indicator for Bitcoin (BTC) bottoms. Another important observation from the above chart for BNC:BLX (Brave New Coin Liquid Index For Bitcoin) is that every time Bitcoin (BTC) has touched the 200 Week...

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Ripple (XRP) Likely To Climb Past 21 Week EMA In The Weeks Ahead

Ripple (XRP) has a lot of room for growth especially after the recent crash. The price is back below $0.40 now and investors who get in at this point could enjoy a long ride in the weeks ahead. XRP/USD is trading very close to the 21 Week EMA now and it is likely to break past it in the weeks ahead. However, it will face some resistance at the 10 Week EMA which is a key resistance zone. RSI on the weekly time frame is well above the oversold territory unlike other cryptocurrencies. This is because Ripple (XRP) has been...

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Has Ethereum Classic (ETC) Failed As A Cryptocurrency Investment?

Ethereum Classic (ETC) has remained strong above the trend line support. For a cryptocurrency that just suffered a 51% attack, this is some solid resilience. It is like Ethereum Classic (ETC) community has not been affected at all by the recent attack. They are still loyal to the cryptocurrency which is why it loses the least after Bitcoin (BTC) and stable coins during a market crash. We have seen this pattern repeat over and over again. Ethereum Classic (ETC)’s community appears to be more loyal than the Ripple (XRP) community. The difference is that the ETC community is a lot...

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Bitcoin (BTC) Begins The Week In Green, Prepares For Its Big Move Up

Bitcoin (BTC) is preparing to make its big move up as price touches the bottom of the bullish pennant it has been trading in. The reason this pennant is more likely to break to the upside than the downside is because the price was trading up just before it entered the pennant. This can be seen on the 4H chart for BTC/USD as the quick recovery after November, 2018 lows. The price did not have the strength to continue trading higher so it had to fall to the bottom of the pennant to consolidate over the weeks ahead before so...

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Bitcoin (BTC) Finally Catches Up With Gold After Following It For Years

During the 1976 IMF Crisis also known as the Sterling Crisis, the British Government had to borrow the largest ever loan of $3.9 billion from the IMF. During that year, Gold Futures began to rally and the climb continued all the way till 1979. We have only seen one similar rally in Gold Futures and that was the one beginning in 2001 after the dot com bubble. Gold kept on climbing throughout the financial crisis of 2008-09 and finally topped out in 2011. Since then, Gold has been in a downtrend but things are about to change. After Gold’s previous...

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