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Ethereum (ETH): Valuable Lessons From The Past

Chart for ETH/USD (1D) Ethereum (ETH) and those backing it have some valuable lessons to learn from the past. Of course, the one that tops the list is, “you reap what you sow”. How is this relevant? Well, back when Ethereum (ETH) forked off the original Ethereum chain, for every original Ethereum coin you had, you received two coins, ETH and ETC. Now, most of the miners and developers switched over to the new chain but some stuck to the old chain (ETC) out of respect for principles of immutability and decentralization. Unfortunately, principles did not mean much to those...

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Bitcoin (BTC) Compound Fulcrum And Correlation With Copper

Bitcoin (BTC) is printing a pattern which is a very rare sight in the world of technical analysis. This formation seen on the above daily chart for BTC/USD is called a compound fulcrum. It comprises of an inverse head and shoulders and a head and shoulders trading inside a wedge in the order visible above. This is a very bullish sign which often results in the price breaking straight through the wedge and eventually reaching a new high. We have seen similar patterns in the past for commodities like Copper as well as a few stocks. Bitcoin (BTC) is also...

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NEO (NEO) Consolidates Before Its Next Big Move

NEO (NEO), the Chinese Ethereum that became the centre of attention during the previous bullish cycle of the cryptocurrency market is all of a sudden completely forgotten after the recent correction. Their development team seems to be working in a low key style on the project and does not care about publicity. While it may be hard to tell what the NEO (NEO) development team is really up to, the above weekly chart for NEO/USD shows us clearly what NEO (NEO) is up to. For the past seven weeks, NEO (NEO) has been consolidating after retesting a strong support at...

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Litecoin (LTC) Finally Forms A Strong Bottom, Prepares For Trend Reversal

Litecoin (LTC) appeared extremely weak when it fell below the 21 Week EMA. The decline was a very sharp and steady one. Debates over value proposition of Litecoin (LTC) began to surface and a lot of investors and analysts were convinced that Litecoin (LTC) might break market structure and fall significantly below $50. However, as the above weekly chart for LTC/USD shows, Litecoin (LTC) did an excellent job at not only defending key support levels but also forming a strong bottom. The yellow rectangular bar on the above chart shows how Litecoin (LTC) successfully managed to stay above the support...

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Bitcoin (BTC) Bears May Win The Battle But They Have Already Lost The War

Chart for BTC/USD (1D) Bitcoin (BTC) bears may win the battle but they have already lost the war. First of all, what is the battle? The battle is Bitcoin (BTC) bulls trying to break above the triangle and Bitcoin (BTC) bears trying to drag the price down. Studying the near past, we can see that Bitcoin (BTC) bulls have lost two such battles to Bitcoin (BTC) bears. Therefore, there still remains a strong probability that Bitcoin (BTC) bulls might lose the current battle again to Bitcoin (BTC) bears. However, going a bit farther in the past, we will see that...

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