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Ripple (XRP) Struggles To Break Past 21 EMA Against Bitcoin (BTC), Price Likely To Remain Range Bound For Now

Ripple (XRP) is currently trading within a tight range against Bitcoin (BTC). The price broke the resistance at 45,860 satoshis earlier this month but soon afterwards, it retraced. Initially, the 45,860 satoshis resistance turned into support as the 4H chart above for XRP/BTC shows that Ripple (XRP) formed two red candles after the resistance break. However, both of these candles managed to remain above the resistance turned support line. However, the third candle broke below the 45,860 satoshis resistance turned support and entered a range bound zone once again. XRP/BTC initially traded along the 21 EMA on the 4H chart....

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Bitcoin (BTC)’s Last Correction Before The Next Global Financial Crisis

Chart for BTC/USD (1M) Bitcoin (BTC) appears to have just completed its correction. Meanwhile, the ratio of Commodity Research Bureau Total Return Index (CRB) to that of S&P 500 sits at 0.2. This ratio is currently at a 50 year low which means that stocks have been on a massive bull run against commodities like Gold, Silver, and Platinum for the past 50 years! This trend had to reverse at some time and what better time than a time of uncertainty when fears of the next global financial crisis are already looming over. This time around, we have a new...

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Why Bitcoin (BTC) Is More Likely To Begin A New Trend Than To Fall Below $6,000 Again

As soon as Bitcoin (BTC) fell below $7,000, retail bears became loud once again. Calls for a fall to $4,000 or lower have become popular once again in the crypto community. The popular sentiment at the moment is bearish. If an analysis points to the possibility of a fall below $4,000, it is more readily accepted than the one that calls for a rise above $8,000. As we have seen in the past, in this market as well as other markets, when too many people start thinking the same way, it is time to prepare for a trend reversal. The...

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Monero (XMR) Might Soon Be The Next Big Thing As Spotlight Turns From Blockchain To Privacy

Chart for XMR/USD (1W) Monero (XMR) is almost as old as Bitcoin (BTC) but this project failed to receive the attention it deserved during the early days. This is because blockchain became so hot an industry that everything else faded away in comparison. A lot of cryptocurrencies came into existence that had no use case other than being just a blockchain and still succeeded in raising millions of dollars through ICOs. Projects like Monero (XMR) with actual use cases applicable not just to the blockchain but outside the blockchain industry have recently started to gain attention as more and more...

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Litecoin (LTC) Begins A New Cycle Against Bitcoin (BTC) But Still Risks A Fall Below $50

Litecoin (LTC) seems to have started a new trend against Bitcoin (BTC) as it has broken out of an important falling wedge against Bitcoin (BTC) on the LTC/BTC daily chart above. This falling wedge extends all the way to January this year when the correction began. Normally, this would be considered a big win for Litecoin (LTC) as the price is about to begin a new trend which after an extended correction is expected to be a bullish one. However, RSI analysis for Litecoin (LTC) presents a completely different picture which also brings us closer to reality and demonstrates that...

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