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EUR/USD And Bitcoin (BTC) Share Similar Outlook After Dovish Fed Tone

EUR/USD bulls claimed victory when the price rose above 1.140. In addition to that, Morgan Stanley said that the Dollar’s bull run had ended. On top of all of that, a dovish fed tone led to an understanding among traders and investors that the Dollar might indeed be due for a long decline against the Euro in the months ahead. The above monthly chart for EUR/USD is what we have been emphasizing on when the first signs of a similarity between 2004 to 2006 and 2018 started to appear. If you look at the encircled price action during both of...

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What Could Trigger Ethereum Classic (ETC)’s Pending Breakout?

Ethereum Classic (ETC) is on the verge of a historic breakout that we have all been waiting for since 2017. A close look at the RSI for the weekly ETC/USD chart clearly shows that Ethereum Classic (ETC) has been preparing for this breakout for two years. The RSI has now reached its lowest level inside a falling wedge and could break out any minute now. This is a big development for Ethereum Classic (ETC) considering we did not see the cryptocurrency gain as much as the rest of the market during the last rally. While most coins rallied aggressively to...

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Is Bitcoin Cash (BCH)’s Reputation Toast After The Civil War?

Bitcoin Cash (BCH) received a serious blow to its reputation following the notorious hard fork. The price of BCH/USD tumbled double digits on major exchanges. If this hard fork had occurred in the same way as Bitcoin Cash (BCH) forked off Bitcoin (BTC), it might have been a non-event and people would then look at Bitcoin ABC or Bitcoin SV in terms of their own merits. The way both parties turned the event into a Western Duel convinced a lot of people early on that no matter who ends up winning, it is going to expose a lot and people...

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Bitcoin (BTC): Post Capitulation Outlook And Way Forward

Bitcoin (BTC) bounced off the $6,000 many a time but major players in the market were still not convinced that we have reached the bottom. Before the beginning of a new Bitcoin (BTC) cycle, we have to see a strong capitulation, a final shakeout to wipeout all remaining weak hands. If the last few days have shown us anything, it is that history may not repeat itself but it does rhyme. Looking at the above monthly chart for BTC/USD, many would argue that history has already repeated itself. Even those that do not agree with this view cannot deny the...

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Ethereum Classic (ETC) Sees Transfer From Weak Hands To Strong Hands

Ethereum Classic (ETC) successfully defended its support against Bitcoin (BTC). Initially, ETC/BTC crashed hard along with the rest of the market. However, Ethereum Classic (ETC) crashed even harder making it one of the biggest losers next to Icon (ICX) and Stratis (Strat) both of which crashed a lot more aggressively. Yesterday’s crash resulted in the last few weak hands being shaken out and their ETC transferred to strong hands. Before any trend reversal, it is healthy to see such developments. The price cannot recover effectively in the presence of weak hands who buy and sell based on sudden whims. Even...

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