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Bitcoin (BTC) Dominance Faces Resistance While Altcoins All Set To Take Off

Bitcoin (BTC) has run into a historical dominance resistance. The chart above shows that Bitcoin (BTC)’s dominance is in a constant downtrend since January 2017, the month when altcoins first began to challenge Bitcoin (BTC)’s dominance. Bitcoin (BTC) has shown strength the past few days but recent events, particularly ETF rejections and delays have made it abundantly clear that this time will be no different and that Bitcoin (BTC) will do what it has done over the years, that is follow a cycle of decline against altcoins followed by a cycle of rise against altcoins. The chart above for total...

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Ethereum Classic (ETC): A Hidden Gem On The Verge Of An Unprecedented Breakout

Ethereum Classic (ETC) is about to make history with an unprecedented breakout, the likes of which we have never seen before. The price is currently, trading in a diamond formation according to the ETC/USD weekly chart above, which interestingly enough, also forms the core of the Ethereum Classic (ETC) symbol. This diamond formation for Ethereum Classic (ETC) is an extremely bullish sign, one that could push the price beyond $100 in a matter of weeks. The last time Ethereum Classic (ETC) had such a rally was in early 2017 when the price shot up to enter the diamond formation. Since...

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Bitcoin (BTC) Bounces Off $6,000 Over The Weekend, But Will It Continue To Rise?

Bitcoin (BTC) bounced strongly and cleanly off the exact $6,000 level as can be seen on the BTC/USD daily chart above. The price crashed hard on Friday but since then, it has now formed two consecutive green candles over the weekend. While this may be something every bull wants to see, weekend activity generally does not matter much as most traders are away on weekends and the low volume makes it easy for a few big players to manipulate the market. It is true that a lot of Bitcoin (BTC) buying has been going on in OTC markets over the...

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Bitcoin (BTC) Approaches Its Final Few Weeks Of Correction

Bitcoin (BTC) is weeks away from reaching the end of an overextended correction. The triangle in which Bitcoin (BTC) has been trading for the last seven months has become easier to break now that the price has traded further along it. Elliot Wave Oscillator for the BTC/USD daily chart above shows the price to have reached the limit of aggressive movements and will likely stabilize over the next few weeks before beginning a new cycle. So far, Bitcoin (BTC) has respected the long term support line, but in order to complete this correction, Bitcoin (BTC) will have to test its...

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ZCash (ZEC): The Only Bitcoin (BTC) Fork That Can Beat Investors’ Expectations

ZCash (ZEC) is a popular source code fork of Bitcoin (BTC), just like Litecoin (LTC). The purpose of its creation was to address privacy issues that users of Bitcoin (BTC) faced and also to curb centralization with its Equihash based proof of work model.  As the weekly chart above for ZEC/USD shows, ZCash (ZEC) had a good run in early 2017 and did a good job at preserving its gains after the first ATH was reached in June. The price continued to climb higher in late 2017 and reached an ATH of $1,000 in January. Since then, ZCash (ZEC) has...

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