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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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Ripple (XRP) Might End Up Decoupling From Bitcoin (BTC)

Ripple (XRP) investors have had enough of Bitcoin (BTC). Every time the price starts to rally, Bitcoin (BTC) reins it back in. Ripple (XRP) is still largely influenced by Bitcoin (BTC) considering we have XRP/BTC pairs on all most major exchanges. However, we have seen that Ripple (XRP) investors have recently become more defiant and weary of the pull of Bitcoin (BTC) in a more open and organized way. Yesterday, the entire cryptocurrency market nosedived and in no time there was blood on the streets. While most cryptocurrencies lost in every way, Ripple (XRP) gained in some. The biggest victory...

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Can Bitcoin (BTC) Break A Decade Long Trend Line?

Bitcoin (BTC) has once again crashed hard in a long time. The price is currently sitting at a critical trend line that extends all the way to late 2011. The above monthly chart for BTC/USD shows that this trend line has never been breached in the last seven years. So, what are the odds that it might be breached this time and what will be the repercussions if this trend line is broken? To answer these questions, let us first look at the rest of the indicators on the chart. If we look at the volume profile, we can see...

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