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Registration Kicks Off For Global BTC Trading Competition

Registration for Bybit’s inaugural BTC Brawl, the “biggest global team trading competition the world has ever seen!”, got underway on 18th November at 9.00AM UTC. Bybit, a cryptocurrency derivatives exchange based in Singapore, have been going from strength to strength, recently hitting the 4 billion USD mark for 24 hour trading volume, and the BTC Brawl is another sure sign of Bybit’s meteoric rise in the world of crypto derivatives trading. The global trading competition is styled in a team format with team leaders gunning to recruit the best traders into their respective teams, and will also provide Bybit with...

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Here’s What Lies Ahead For Bitcoin (BTC)

Bitcoin has traded inconsequentially over the weekend although we did express the possibility of it declining in our last video analysis. The reason it did not decline was primarily because the EUR/USD forex pair ended the week without completing a move to the 38.2% fib extension level. That move has now been completed and therefore the next move BTC/USD makes will depend largely on the move in this pair. The 4H chart for BTC/USD shows how the price action is now very similar to that before the last major decline which saw the price decline by almost 20%. This time,...

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Why Bitcoin (BTC) Keeps Stalling Its Next Downtrend

Bitcoin (BTC) keeps on stalling the inevitable. The price managed to break below a key support over the weekend but it climbed back above it because it wasn’t supposed to happen just yet. The 1H chart for EUR/USD tells us why. Last week, the forex pair closed just below the 38.2% fib extension level. There was a strong probability that the 38.2% fib level would be tested next week. There was no way to tell whether EUR/USD would break past this level or face a rejection and fall lower. This is why BTC/USD could not make a decisive move before...

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Schiff Makes Nonsensical Bitcoin Comparison to Pot Stocks

 Peter Schiff’s latest attempt to insult the leading cryptocurrency was done by comparing Bitcoin to the current state of pot stocks. Schiff thinks that the rally in pot stocks was triggered through speculators, who were also buying into the crypto market. Peter Schiff, one of the biggest naysayers of cryptocurrency, doesn’t like bitcoin (duh).  Typically, whenever the price of the flagship cryptocurrency takes a hit, his face lights up, just as his Twitter does after he sends out a less than favourable tweet on BTC and triggers most people on crypto Twitter.  His latest attempt to insult the leading cryptocurrency...

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Global Debt to Hit $12.5m Per Bitcoin - What’s Plan B?

By the end of this year, the world’s combined debt will hit $255 trillion. So there will be an extra $12 trillion expanded to the world’s debt by the end of 2019 compared to the end of 2018. By the end of this year, the world’s combined debt will hit $255 trillion. This would equal to $32,500 for every person on the planet or $12.1 million per Bitcoin. Why this matters This is an interesting topic coming from CoinTelegraph but the latest BTC figures reacted with a slight shock to its value at the end of last week thanks to...

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