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Bitcoin (BTC) Finally Crashes But Bears Still Need To Be Very Cautious

Bitcoin has finally started to crash but the bears need to be very careful because there are certain indicators that point to short term bullishness in the market. One of such indicators is the EUR/USD forex pair. The 38.2% fib extension level has been breached and the pair is now resting on top of the 200 MA on the 4H time frame. It is very likely that it could trade higher from here if this level holds as support. If that happens, we could see near term bullishness in the cryptocurrency market as well. If EUR/USD rallies even higher to...

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19 November 2019 BCH/BTC – 4 hourly

In this 4-hourly chart of Bitcoin Cash/ Bitcoin (BCH/BTC), there is an appreciating range from 0.02639 to 0.03337. We can see the price depreciated to the 0.03060 level (identified by the blue up arrow), just below the 0.03704 level, representing the 38.2% retracement of the appreciating range. We can see the price then appreciated to the 0.03139 level. Using RSI, we can see the slope of RSI (14) became less negative on the next bar after the low of 0.03060, indicating a possible trend reversal.  On subsequent bars, the slope of RSI (14) became positive, the slope of RSI Average...

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Could Brexit And The US Trade War Impact Bitcoin?

Could the current state of Brexit impact the price of Bitcoin Institutional investors are always talked about to have an impact Since the start of the year, Bitcoin has been making its way to once again reach its all-time high of $20k… or at least it’s trying to.  There’s been a lot of volatility being shown over the past few months (nothing new there), and as the flagship cryptocurrency attempts to stay above the $10k range, let’s take a look at what is the actual cause of this volatility and what can trigger the prices to stall.  Before we go...

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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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