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Bitcoin (BTC) Finds Support At 100 EMA After A Steep Fall From $8,300

Bitcoin (BTC) fell sharply last night after rejection at a critical downtrend resistance as can be seen on the BTC/USD daily chart above. The price action appeared weak as Bitcoin (BTC) failed to hold the 200 EMA and fell right through it. However, the bearish momentum weakened as Bitcoin (BTC) bounced off the 100 EMA and found temporary support. Currently, RSI and MACD indicators for BTC/USD indicate short term oversold conditions and consolidation is likely before the next move up or down. At the time of this analysis, Bitcoin (BTC) is currently down 2.5% against USD and is currently resting...

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Binance Coin (BNB) Continues To Perform Better In Worse Times

The general perception is that when Bitcoin (BTC) falls, altcoins fall even more aggressively. However, there is one altcoin which is not subject to this behavior. That altcoin is Binance Coin (BNB). Since the beginning of the year, has performed a lot better than most altcoins during bad times. The price action on the BNB/USD chart above shows that Binance Coin (BNB) has traded in a very close range especially since April 2018. This means that investors who did not feel comfortable holding Tether (USDT) have preferred to cash out in BNB to take profits or protect against market corrections....

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Can IOTA (MIOTA) Compete With Ethereum Classic (ETC) To Capture IOT (Internet Of Things) Market?

Most cryptocurrencies including IOTA (MIOTA) are now close to a trend reversal as can be seen on the IOTA/USD daily chart above and investors are looking to load up on their favorite coins. The chart above shows that IOTA (MIOTA) has respected a historical support line for IOTA/USD since it started trading on Bitfinex, before July 2017. The downtrend resistance since the beginning of the correction has only been tested twice and not been breached once. The price has now started to settle at the lower limit of the triangle it is trading in, and is consolidating before its next...

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Monero (XMR) Poised For A Big Run Up By End Of The Year

Monero (XMR) was once one of the few cryptocurrencies in existence but with the inception of lucrative altcoins, Monero (XMR) quickly became a forgotten coin to many. That is not to say that Monero (XMR) lost its purpose but other shinier projects like Verge (XVG) pulled in privacy enthusiasts from Monero (XMR)’s league. The chart above for XMR/USD shows that Monero (XMR) has performed well against USD for the most part, even after the correction. The reason for that is, that unlike coins like Ripple (XRP) or Cardano (ADA), people don’t buy Monero (XMR) just to make a quick buck....

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Bitcoin (BTC) Has One Last Chance to Make It Or Break It

Bitcoin (BTC) has now reached critical levels where it is expected to make decisive movements. The price is struggling to get past the resistance line on the BTC/USD weekly chart above. A break above this downtrend resistance will restore confidence in the market for the time being and Bitcoin (BTC) can be expected to continue a rally towards $10,000. However, a rejection at these levels will raise a big red flag as Bitcoin (BTC) will be expected to retest the support at $5,800. So far, Bitcoin (BTC) has only tested this support two times. The first time it tested the...

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