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EUR/USD Monthly Outlook Hints Unprecedented Bitcoin (BTC) Gains

Bitcoin (BTC)’s price movement so far has been a reaction to the EUR/USD pair for the most part. In fact, Bitcoin (BTC) has rarely made any moves that were not coherent with movements in the EUR/USD pair. The monthly chart above for EUR/USD shows the Euro (EUR) in a strong ascending channel against the US Dollar (USD) since 1994. The first large circle shown on the chart above between 2003 and 2008 bears extremely close resemblance to the one formed this time between 2017 and 2018. As we can see, the price has broken this circle in the past to...

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Ethereum Classic (ETC) Vs. Ethereum (ETH): The True Flippening

Ethereum Classic (ETC) has been in a downtrend against Ethereum (ETH) ever since its inception. The weekly chart above for ETC/ETH shows that from the beginning of 2017 until the month of July this year, Ethereum Classic (ETC) had been trading in a falling wedge against Ethereum (ETH). In August Ethereum Classic (ETC) broke the downtrend and has been on a steady climb against Ethereum (ETH) since then. This is truly a historic development for Ethereum Classic (ETC) because ever since Ethereum (ETH) forked off the original chain, now run by Ethereum Classic (ETC), it has garnered a lot of...

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Dash (DASH) Poised To Fall Back To $138 Support As Bulls Lose Momentum

Dash (DASH) may not be a game changer like Bitcoin (BTC) or Ethereum (ETH). Some may even call it a spin off coin or a copycat. However, there is no denying that Dash (DASH) has succeeded in such a level of mass adoption with its only use case being a spendable cryptocurrency. This has led many to believe that even if Dash (DASH) fails in the long run, it might still have succeeded in creating awareness, adoption and solving a real problem. Let’s face it, Bitcoin (BTC) and Ethereum (ETH) are both wonderful cryptocurrencies but they were not created to...

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Ethereum (ETH)’s Climb Back Above $300 Doesn’t Appear Easy

Ethereum (ETH) has deepened problems for itself the last few days as the price has fallen through a series of supports which have now turned into resistances. The price on the 4H chart for ETH/USD above does not seem likely to break above the near term $202 resistance any time soon. This does not mean though that the price will fall below the support at $191 at this point. It would be very unlikely for that to happen at this point. However, it is expected though that the price will continue to trade sideways for the foreseeable future unless Bitcoin...

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Why Bitcoin (BTC)’s Price Does Not Matter

Chart for BTC/USD (1W) The price of Bitcoin (BTC) does not matter. One Bitcoin (BTC) will always be one Bitcoin (BTC). Some of you will say, “What if eventually another coin takes the place of Bitcoin (BTC)?” The answer to that is, “It’s not going to happen”. It is funny that some traditional investors say that they like blockchain but they do not like Bitcoin (BTC). Like it or not, Bitcoin (BTC) is here to stay. The question whether some other cryptocurrency could ultimately replace Bitcoin (BTC) was supposed to be asked way before 82% of Bitcoin (BTC) were mined....

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