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Sally Ho's Technical Analysis 22 November 2019

Bitcoin Bitcoin (BTC/USD) was a little stronger early in today’s Asian session after the pair traded as low as the 7374.50 area during yesterday’s North American session.  Stops were elected below the 7427.00 area during the pair’s move to November monthly lows.  Traders continue to observe the pair trading between some important long-term technical levels, namely the 8498.67 and 7231.40 areas which represent the 50% and 61.8% retracements of the move from 3128.89 to 13868.44.  A break of the 7231.40 area technically opens up the 5663.42 area, representing the 76.4% retracement of the same range. Likewise, a break of the...

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Bitcoin (BTC) Crashes Below Key Support

Bitcoin (BTC) has crashed below a key support since our last video analysis. There is not much left to speculation now as the move that we have been predicting for the past few weeks is about to come to fruition. The price has broken below $7,852 which is the 38.2% fib extension level from the December low to the yearly high. This is a big development and is extremely bearish. BTC/USD has now closed a 4H candle below it and there is a strong probability of a sharp decline of 20% or more from current levels. In case of a...

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Antonopoulos is Now Encouraging Stores to Accept Bitcoin!

An ice cream shop in Berlin has revealed that a “super nice” guy urged them to spearhead Bitcoin adoption. That unknown “super nice” guy turned out to be the legendary Andreas Antonopoulos! An ice cream shop in Berlin has revealed that a “super nice” guy urged them to spearhead Bitcoin adoption with the local crowd whilst out for lunch. Funnily enough that unknown “super nice” guy turned out to be the legendary Bitcoin figurehead, Andreas Antonopoulos! Spreading the word It all began in a local burger bar. “We started accepting Bitcoin in June of this year. At Room 77  I...

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Key Bitcoin (BTC) Dominance Retest Spells Trouble For Cryptocurrencies

Bitcoin (BTC) dominance is in a short term uptrend and it is now about to run into the 200 moving average on the 4H time frame. The last time this happened was on Sep 24, 2019. A test of that level completely bridged the divergence between dominance and the price and what followed after was a massive crash in the price of Bitcoin (BTC) while dominance stood its ground hence widening the gap once again after a reset. If this plays out like it did the last time, then we would be looking at a set of two or three...

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Novogratz Set to Launch Galaxy Digital Own Bitcoin Funds

Michael Novogratz is getting ready to release two bitcoin funds that are aimed towards accredited and institutional investors. Novogratz announced that he would be starting two different bitcoin funds including the Galaxy Bitcoin Fund and Galaxy Institutional Bitcoin Fund. Michael Novogratz, the CEO Galaxy Digital Holding is getting ready to release two bitcoin funds that are aimed towards accredited and institutional investors. These investors will have been waiting on the sidelines for a cheap and secure service way to access the pioneer cryptocurrency for a long time now. At the end of 2017, we saw a lot more people enter...

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