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Bitcoin (BTC): The Significance Of “10” And “2018”, Rise Of The Phoenix

Bitcoin (BTC) began a new cycle on its birthday. If you look at the BTC/USD 4H chart above, you can see for yourself how Bitcoin (BTC) completed its correction on 31st October, 2018 and began a new cycle. This is not the first time Bitcoin (BTC) has completed a correction in this manner. In 2014, Bitcoin (BTC) completed its correction cycle the same way, by first breaking above the triangle and then correction above it. We will analyze that in detail by comparing the two charts later in this analysis. Let us first understand the significance of two numbers, “10”...

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Stellar (XLM)’s Most Awaited Breakout Is Only Weeks Away Now

Stellar (XLM) is on the verge of its most awaited breakout against Bitcoin (BTC). The past few months had us believe that XLM/BTC had already broken out of the symmetrical triangle but that proved wrong. However, the price has been trading above its long term trend lien and has not breached it even once. Now, the question is, “Which way is Stellar most likely to break out?” Historically, we have seen that the direction the price is trading before it enters a symmetrical triangle continues to be the direction of the price when it exits that symmetrical triangle. So, looking...

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Ripple (XRP) Golden Cross Signals Further Near Term Upside

Chart for XRP/USD (4H) Ripple (XRP) rallied aggressively soon after the golden cross seen on the XRP/USD 4H chart. The price is currently trading above the 50 EMA on the 4H chart and is not likely to drop below it. Bollinger Bands %B indicator on the XRP/USD chart also shows that Ripple (XRP) is just preparing for a massive rally. We have seen over the past few weeks that Ripple (XRP) is also beginning to gain in dominance against Bitcoin (BTC). Ripple (XRP) is known for its quick but aggressive rallies. What does this mean? It means that Ripple (XRP)...

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Is Bitcoin (BTC) Bullish Or Bearish?

So, a lot of investors and analysts seem to think that BTC/USD is bearish or more blood is about to come. Most of them keep saying, Bitcoin (BTC) won’t go above $20,000 before 2019 or that the price may drop to $4,000 before going up but they rarely explain the rationale behind such statements. The bulls often substantiate their claims with evidence but the bears rarely do this. This is because most bears at this point are trading on sentiment, just like most bulls at the top were trading on sentiment. That being said, there are some bears that make...

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Is Litecoin (LTC) Still A Strong Buy?

Litecoin (LTC) has lost its bullish momentum once gain as the price has now retraced back below the 10 Week EMA. The longer the price remains below the 10 Week EMA, the higher the probability that it may eventually break below its support. Currently, we do not see any strong probability of that happening in the near future. However, if the price fails to break the 10EMA resistance, then that will be the inevitable consequence. Even though Bitcoin (BTC) and some large cap coins managed to break through their downtrend resistances before, Litecoin (LTC) is still struggling to break past...

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