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Are Lower BTC/USD Highs a Warning Sign? Sally Ho's Technical Analysis 12 July 2020 BTC

Bitcoin (BTC/USD) remained pressured early in today’s Asian session as the pair continued to encounter resistance around the 9500.00 area.  Traders pushed the pair higher to the 9322.23 area during yesterday’s Asian session before it depreciated to the 9182.35 area early in yesterday’s North American session.  BTC/USD continues to experience selling pressure at lower highs with traders most recently unable to get the pair back above the 9340.68 level, representing the 23.6% retracement of the recent appreciation from 8905.84 to 9475.00.  Stops were elected below the 9340.68, 9257.58, and 9190.42 levels during the recent move lower, representing the 23.6%, 38.2%,...

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Protecting your Crypto Wallets from Phishing Scams

Phishing emails are just one kind of scam which targets you and in crypto’s case There is often a lot of tricks on the internet which your browser will be susceptible to and you can be misled to give out confidential data about yourself. The internet has been around for a while now so most people know that it can be this great service to help you find out the information you need. Whether it be for work or school, without the internet you wouldn’t otherwise have known how to pass your exams or help you fix a problem. You...

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As COVID-19 worsens the world's economies, how long is it until we adopt bitcoin?

Over the past month or so, many Fiat currencies have spiralled out of control leading to a massive drop in the value.  A good example of this is the Lebanese pound and the Argentine peso. Over the past month or so, many Fiat currencies have spiralled out of control leading to a massive drop in the value. A good example of this is the Lebanese pound and the Argentine peso. Of course, the situation in Argentina was dire before the pandemic of COVID-19 became a serious issue worldwide but now, the future is even more uncertain than before. The South...

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BTC/USD Continues to Sputter Below 9250: Sally Ho's Technical Analysis 11 July 2020 BTC

Bitcoin (BTC/USD) was pressured early in today’s Asian session as the pair continued to encounter resistance around the 9250.00 area.  Traders lifted the pair to the 9245 area later in yesterday’s North American session, an area that has proven to be technical resistance at different times from June.  BTC/USD depreciated to the 9118.00 level during yesterday’s European session, just below the 9123.26 area that represents the 61.8% retracement of the recent appreciation from 8905.84 to 9475.00.  Stops were elected below the 9340.68, 9257.58, and 9190.42 levels during the recent move lower, representing the 23.6%, 38.2%, and 50% retracements of the...

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Bitcoin All Set For The Next Big Crash

Bitcoin is getting ready to go down again. At this point, we are waiting for the market to present us with further confirmation to enter short positions. We entered a short position around $9.2k today which has been playing out really well so far even though EUR/USD is showing temporary signs of strength which has led to confusing price action in Bitcoin as well.  The situation on ground is not in favor of the bulls. The bullish momentum is gone and it is only a matter of time that the bears gain full control of BTC/USD. The final frontier is...

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