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25 December 2019 - XRP/ BTC – Weekly

In this Weekly chart of Ripple/ Bitcoin (XRP/ BTC), there is a depreciating range from 0.000059 to 0.000024. We can observe the market then appreciated to the 0.000038 level (indicated by the red down arrow), just above the 0.00003737 area that represents the 38.2% retracement of the depreciating range. We can observe the market then extended its depreciation further. Using RSI, we can observe the slope of RSI (14) and RSI Average (3) both became negative after the market peaked around the 0.000038 level. We can also see that RSI (14) bearishly moved below RSI Average (3), indicating probably depreciation. ...

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Sally Ho's Technical Analysis 25 December 2019 BTC ETH

Bitcoin (BTC/USD) found some buying activity early in today’s Asian session as the pair continued to orbit the 7343.17 level, representing the 61.8% retracement of the move from 9948.12 to 3128.89.  Traders lifted the pair higher from the 7220.31 area during yesterday’s Asian session, a level that is just below the 61.8% retracement of the move from 3128.89 to 13868.44.   BTC/USD Bulls continue to add long positions above the 200-bar MA (4-hourly) and have been able to keep the pair Bid above the 50-bar MA (4-hourly) during the past several trading sessions. Notably, BTC/ USD tested another very important level...

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Is Ethereum (ETH) About To Make A Big Move Against Bitcoin (BTC)?

Ethereum (ETH) is about to make a decisive move against Bitcoin (BTC). The 4H chart for ETH/BTC shows the price trading within a large symmetrical triangle. Either it will break below it and resume its downtrend or we might see a move to the upside to potentially test the 0.0197 BTC level and possibly a retest of the top of the triangle. The probability of that happening remains low at the moment but considering that there is extreme fear in the market, we wouldn’t discount a potential bullish move to the upside to make retail bulls greedy once again before...

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How The Chinese Yuan (CNY) Could Shape The Direction Of Bitcoin (BTC)

Bitcoin (BTC) has been influenced by movements in major financial markets throughout its trading history. Forex pairs like CNY/USD and EUR/USD have had a major impact on the price of Bitcoin (BTC) and its direction. Before last year’s capitulation, we saw a major downtrend in USD/CNY which accelerated Bitcoin (BTC)’s decline below $6,000. The simple explanation for why that happened was the fact that major Chinese investors or whales were more comfortable cashing out into Chinese Yuan (CNY) at that point as the US Dollar (USD) was declining against it. It is always easier to cash out in a local...

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The Mystery of GiveCoinGifts

Kemball-Cook quashed any views that the Bitcoin bubble will burst at the time The world of cryptocurrency is a grey area for many, where people are not only sceptical but are very skittish on new developments. If you are looking for some stocking fillers for your friends and family, Bitcoin might be a good option to consider. Not only is it easy, but it’s is a gift no one else will have thought of. Well thanks to two British entrepreneurs, Laurence Kemball-Cook and Louise Doherty it’s even easier to gift crypto, or it was at least. As previously reported by...

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