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Bitcoin (BTC) On Track For A Steady Climb Past $5,200

Bitcoin (BTC) is on track for a steady climb past $5,200 having already broken past the 21 Day EMA. The last time it did that, we saw BTC/USD testing the top of the descending channel. The fractal from June 2018 shows that Bitcoin (BTC) ended up shooting towards the top of the channel and tested the 61.8% Fibonacci retracement level before falling back into the channel. It is interesting to note here that during the previous rally, BTC/USD was not as overbought as it currently is. However, it still could not gather the strength to climb to the top of the...

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Ripple (XRP) Reaches Overbought Levels, Price Faces Strong Rejection Short Term

Ripple (XRP) has reached overbought levels and the price is due for a heavy retracement short term. The daily chart for XRP/USD already shows that the price has been rejected strongly at the 38.2% Fib Retracement Level. This means that the price has to drop now to the 23.6% Fib retracement level which will act as a weak support. The price can very well fall below that and find a support at the 5 Day EMA or lower levels. So far, the chances of a breakout from current levels appear very weak. The probability of all towards lower levels is...

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Ethereum Classic (ETC) Faces Rejection At 38.2% Fib Retracement Level

Ethereum Classic (ETC) has had an impressive rally that saw the price rise all the way from its yearly bottom around $3.2 to as high as $5.7 within a time frame of less than three weeks. Considering that we are yet to see the yearlong bear market come to an end, this was a pretty good rally. Investors are still hopeful that the rally may continue but at the moment the price is likely to retrace sharply having faced a strong rejection at the 38.2% Fibonacci retracement level. As Ethereum Classic (ETC) retraces, we are going to see it complete...

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Bitcoin (BTC)’s Worst Days Behind It As The Bear Market Nears Its End

Bitcoin (BTC) is about to find some relief as the yearlong bear market comes to an end. Make no mistake, Bitcoin (BTC) is not likely to shoot straight towards its previous all-time high in the next few months and then reach a new high in 2019. It will be a long time before we see that happen. Investor confidence is hurt badly at the moment. One might think that there are a lot of smart people who would not care about emotions and would be happy to recognize this opportunity and accumulate at current levels. However, the reality is that...

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Golem (GNT) Rallies Hard After Coinbase Listing, Retest Of ATH Expected In 2019

Golem (GNT) has once again appeared on the radar after a long time. The reason this time is the recent Coinbase Pro listing which resulted in a new wave of interest in the cryptocurrency. Golem (GNT) is without any doubt one of the most promising projects in the blockchain space. The team behind this wonderful project has achieved so much even during the bear market. Instead of complaining about lack of funds or other impacts of the recent market meltdown, Team Golem (GNT) has been focused on hard work to deliver a working product to the market and position Golem...

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