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Bitcoin (BTC) Halvening Hints Market Correction Is Already Over

Bitcoin (BTC) has had its days of wild swings since the beginning of this correction. However, the past few months have seen more sideways movement and less aggressive moves. To some, this might be a strong sign that Bitcoin (BTC)’s correction is over and that the price is consolidating before beginning a new cycle. However, to others this might be a warning that Bitcoin (BTC) is about to fall further in the months ahead. Both of these contrasting opinions have their own merits and appear to be very reasonable. However, we believe that there are some important metrics that are...

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Bitcoin (BTC): Walking The Razor’s Edge

Bitcoin (BTC) is playing a very dangerous game. It is hard to say if these are whales looking to lowball that have allowed the price to fall to such dangerous levels or if it is institutional players dumping Bitcoin (BTC) after every pump to take quick profits. The fact remains that Bitcoin (BTC) is currently walking the razor’s edge. Before descending to such levels, Bitcoin (BTC) had a chance to break the downtrend if the bulls had pushed enough. The above daily chart for BTC/USD shows that Bitcoin (BTC) already touched the trend line once in mid September and should...

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Can Stellar (XLM) Hold 61.8% Fibonacci Amid Market Selloff?

Stellar (XLM) has been on a roll these past few days. Its stellar gains are only second next to that of Ripple (XRP). The above 4H chart for XLM/USD shows that there is still plenty of room for further price boosts. However, after its previous rally towards $0.30, we have seen Stellar (XLM) retrace towards the 61.8% Fibonacci. Fortunately for Stellar (XLM) investors, this level has held strongly for now as the price has already closed one 4H candle above it and has now formed another green candle which is also likely to close above the 61.8% Fibonacci level. Bullish...

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Ethereum (ETH) Defends Ascending Channel, Price Resumes Uptrend

Ethereum (ETH) has successfully defended its ascending channel and now resumed its uptrend. The above hourly chart for ETH/USD shows that Ethereum (ETH) touched the bottom of the ascending channel and bounced back before closing the hourly candle. The next candle visible on the chart is now a green one which is a strong indicator that Ethereum (ETH) has now resumed its uptrend. The price plunged hard the in the past 24 hours after Ethereum (ETH) formed a double top around the $247.81 level. This was seen as a strong resistance and was followed by a massive sell off as...

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Ethereum (ETH) Could Make Or Break The Altcoin Rally

Ethereum (ETH) is about to make or break the altcoin rally. The above chart for ETH/USD tells the whole story and leaves little room for interpretation. The price is currently resting atop the 21 Day EMA. Below that is the 38.2% Fibonacci retracement level. Above the price is the 61.8% retracement level. Having become range bound these past few days, Ethereum (ETH) now has a support at the 21 Day EMA and the 38.2% Fibonacci level. However, it also faces a strong resistance at the 61.8% Fibonacci retracement level. Additionally, there is the trend line support that Ethereum (ETH) might...

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