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Recent Bitcoin (BTC) Move Indicates The Whales May Not Set Up A Multi Step Trap 

Bitcoin (BTC) moves up, down and sideways some traders win and some lose. However, there is one segment of the market that always wins and that is the whales and market makers. This is true of other markets as well but it happens more frequently in this market because most of the trading volume is fake as we now know from authentic sources. Bubbles always burst and there is no two ways about that because certain things repeat over and over again. We have seen many bubbles throughout history and during each one of those the vast majority of investors...

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How The Bitcoin Mining Ecosystem Could Be Worse Off From a Developer Tax

One of the biggest forks of bitcoin is bitcoin cash. This week bitcoin cash has been the talk of the town because of a proposal presented for the upcoming network upgrade set to be done in May this year. One specific highlight was that the proposal was supported by BTC.Top One of the biggest forks of bitcoin is bitcoin cash. This is easily one of the most famous and notorious protocols that came from the leading cryptocurrency. This week bitcoin cash has been the talk of the town because of a proposal presented for the upcoming network upgrade set to...

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Sally Ho's Technical Analysis 28 January 2020 BTC ETH

Bitcoin (BTC/USD) gave back some gains early in today’s Asian session as the pair fell to the 8742.16 area after trading as high as the 8800.00 level during yesterday’s North American session.  The pair had recently been orbiting the 8300.99 level, representing the 38.2% retracement of the appreciation from the 6854.67 level to the 9194.99 area.  Some bids have recently emerged not too far below the 8253.16 level, representing the 61.8% retracement of the 7671.00 – 9194.99 range.  Chartists have been paying close attention to a bearish convergence of the 100-bar MA (4-hourly) and the 50-bar MA (4-hourly) since BTC/USD...

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Bitcoin Is Waiting On The Next Big Move 

The price of Bitcoin is beginning to appear bullish at the onset of the new week. The reason that is happening is because of the bullish close on the weekly time frame. BTC/USD closed above the 21-week exponential moving average and has now started the day in green. On the 4H time frame, we can observe that the price still risks a fall down to the $8,000 level which corresponds to the 61.8% fib level and simultaneously the 200-moving average. Despite the temporary bullishness, we expect that move to come to completion. However, Bitcoin will still be waiting on the...

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Bitcoin (BTC) To Make Its Most Important Move Since 2015 This Year 

Bitcoin (BTC) has seen many ups and downs lately but it has yet to see a decisive move that would set it on its course for the weeks and months ahead. This time, that move is going to be the most important move BTC/USD makes since 2015. We can see on the monthly chart that this is going to be an extraordinary development. When the price breaks out of the symmetrical triangle, it will have to either shoot up to begin a new bullish cycle or it will have to crash to prolong the ongoing bear market. In case of...

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