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Is Bitcoin the Answer to Zimbabwe’s Problems?

In an effort to try and shrink hyperinflation, the nation of Zimbabwe introduced the next generation Zimbabwe dollars. Conditions are just right for the introduction of the most powerful cryptocurrency, bitcoin. L.S.M. Kabweza believes that bitcoin might be his country’s saviour… In an effort to try and shrink the impact of hyperinflation, the nation of Zimbabwe introduced the next generation Zimbabwe dollars. The country’s government is planning to disperse a billion Zimbabwean dollars over the next six months and recently released its brand new currency earlier this week on Tuesday. As per CCN: “Citizens lined up for hours outside banks to...

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Bitcoin Can Inflict More Pain On Bears

Bitcoin is practically back where it was yesterday before the price plunged below the 200 MA on the 4H time frame. It seems as if the price wants to do the same thing again but I highly doubt it. I think we have now seen that the decline below that level was a trap that got more bears onboard. Many of those bears will be shaken out if the price attempts to break out from here breaking the symmetrical triangle to the upside. The 4H chart for BTC/USD shows the price trading within a falling wedge as well that is...

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Bitcoin (BTC) Could Still Inflict More Pain On The Bears Before It Declines

The recent decline in BTC/USD below the 200 MA on the 4H time frame proved to be a false signal. The price is now well above that level having closed above it and is struggling to break past the 38.2% fib retracement level. So far, it has failed to do that but considering that BTC/USD is trading within a large falling wedge, it is reasonable to assume that it might succeed at some point. When that happens, most of the traders that entered bearish positions around the 200 MA when the price was declining will experience a lot of pain....

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Former Circle Exec - Bitcoin is “a lot safer now”

Two former execs at Circle have teamed up to found proprietary crypto trading platform CMS Holdings. The three have all reportedly made the decision to pitch in over $10 million. 30% is set to be invested by CMS Holdings. Following on from an article we published earlier today, two former execs at the crypto finance company, Circle and an ex exec at DRW have all teamed up to found proprietary crypto trading platform CMS Holdings. According to CoinTelegraph on 13th November, “the firm is the joint venture of former Circle executives Daniel Matuszewski — former head of the firm’s over-the-counter...

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Sally Ho's Technical Analysis 13 November 2019

Litecoin Litecoin (LTC/USD) fell to the 59.60 level early in today’s Asian session after trading as high as the 66.19 area during yesterday’s North American session.  The pair’s recent moves above some important technical levels have given traders some short-term optimism that some additional price appreciation could be result. Last weekend, the pair moved above the 59.97 area, representing the 23.6% retracement of the 182.35 – 22.17 range, and then moved above the 62.46 area, representing the 23.6% retracement of the 192.89 – 22.17 range. Additionally, the 100-bar MA (4-hourly) recently moved above the 200-bar MA (4-hourly), another Bullish development....

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