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Sally Ho's Technical Analysis 3 January 2020 LTC BCH

Litecoin (LTC/USD) depreciated early in today’s Asian session as the pair fell to the 38.74 area after trading as high as the 41.51 area during yesterday’s European session.  The pair’s recent movements have been quite technical.  During Sunday’s move higher, LTC/USD traded as high as 44.02, just above the 43.89 area that represents the 50% retracement of the 65.60 – 22.17 range.  On Tuesday, the market pulled back and dropped to the 41.26 area, representing the 23.6% retracement of the move from 103.06 to 22.17.  Following the market’s test of 60.68 on 15 November, traders have had eyes on the...

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Bitcoin (BTC) Has Yet To See More Pain Near Term

Bitcoin is fond of painting known fractals over and over again. We have seen this happen throughout the bear market and the price keeps on printing known patterns leading often to known results.  If we take a look at the 4H chart for BTC/USD we can see how exactly the price is now declining in the same manner as it declined before in the fractal from last month.  It is closely following a similar pattern and if that is the case, we can expect a similar outcome which could lead to a decline of a at least 6.2% from current...

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The Footprint Bitcoin Is Going To Leave Behind

We have seen a big increase in awareness of the environmental factors of Bitcoin. As technology like cryptocurrency grows, the environmental side increases This year has been a very exciting one for Bitcoin and the world of adoption surrounding it. There is a new drive pushing towards the mainstream world, allowing Bitcoin to become a part of people's everyday lives. We have seen a big increase in awareness of the environmental factors of Bitcoin and it’s among the crypto and blockchain community. Simply put, as more people learn about Bitcoin and buy into it, more people start researching the cryptocurrency...

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USD/CNY Outlook Points To Risk Of Major Bitcoin (BTC) Selloff Before Halving

Movements in the Chinese Yuan has historically had a major impact on the price of Bitcoin (BTC). Just recently when USD/CNY declined below the 21-day EMA, we saw a similar move in the crypto-currency market.  Before that move happened a lot of investors in the crypto-currency market were very bullish on the price of Bitcoin expecting it to shoot towards $20,000 or higher levels. However, after that move the outlook quickly changed as the price decline sharply which led to a series of downtrends thereafter. Big whales and market makers from China have controlled the price of Bitcoin for a long time. Movements...

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2 January 2020 - XRP/BTC – Weekly

In this Weekly chart of XRP/ Bitcoin (XRP/ BTC), there is a depreciating range from 0.000059 to 0.00002362. We can observe that the market then appreciated to the 0.00003774 level (identified by the red down arrow), just above the 0.00003713 area that represents the 38.2% retracement of the appreciating range. We can observe that the market then depreciated and continues to depreciate. Using RSI, we can observe that the slopes of both RSI (14) and RSI Average (3) bearishly turned negative after the market traded as high as 0.00003774. We can also observe that RSI Average (3) also bearishly moved...

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