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Bitcoin (BTC) Faces Rejection At 50 Day EMA, Risks Crippling Crash Below $7k

Bitcoin (BTC) has projected some strength recently which is being touted as the beginning of a new bullish cycle by most retail bulls. More traders and analysts are beginning to think that considering the recent move scared off many of the retail bears who are very quiet all of a sudden. However, in this market the majority of traders tend to forget how certain things happen over and over again. If we look at the daily chart for BTC/USD, we can see that it has faced a clear rejection at the 50-day moving average. However, most retail bulls seem unconcerned...

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Calibra & the BTC Halving - Two Highly-Anticipated Events for 2020

As we settle into this new decade and say goodbye to the 2010s, let’s look at two of the most anticipated events of this year. Facebook’s Calibra. BTC Halving. The crypto space is always evolving. You may take a few days (or even weeks) away from cryptocurrency just to focus on other aspects of your life but in that time, the crypto markets can change MASSIVELY. As we settle into this new decade and say goodbye to the 2010s, let’s look at two of the most anticipated events of this year. Facebook’s Calibra Facebook’s upcoming cryptocurrency/stablecoin is one of those...

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5 January 2020 - BTC/ USD – 4-hourly

In this 4-hourly chart of Bitcoin/ United States dollar (BTC/ USD), there is an appreciating range from 6430.00 to 7688.99. We can observe that the market then depreciated to the 6854.67 level (identified by the blue up arrow), just below the 6910.93 level that represents the 61.8% retracement of the appreciating range. The market then appreciated to the 7401.20 level (identified by the red down arrow), just above the 7391.86 level that represents the 23.6% retracement of the appreciating range. We can also observe that the market moved above the 100-bar Simple Moving Average, then indicating around the 7213.48 area....

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Sally Ho's Technical Analysis 5 January 2020 BTC ETH

Bitcoin (BTC/USD) gained ground early in today’s Asian session as the pair climbed to the 7339.78 area after buying pressure emerged around the 7263.32 area during yesterday’s North American session.  Earlier in yesterday’s North American session the pair traded as high as the 7398.00 area, just above the 7391.87 area that represents the 23.6% retracement of the move from 6430.00 to 7688.99.  Prior to moving back above the 7000 figure, BTC/USD had started the new year off on the defensive, falling back below the psychologically-important 7000 figure on Thursday after Stops were elected below the 7084.98 area earlier in the...

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Bitcoin (BTC) Has Not Capitulated Yet, Here’s What It Means For The Price

Bitcoin (BTC) has not capitulated yet. For those that are wondering what this means for the price, it would be a good idea to look at what happened the last time BTC/USD capitulated. The daily chart for BTC/USD shows how the price has so beautifully been following the same cycle as last time and is currently in the third phase. It is about to enter the fourth phase which is the capitulation phase but this time, we are not looking at a simple decline followed by an uptrend. We are looking at a major correction after the double top that...

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