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Why The Next Bitcoin (BTC) Crash Might Be Different Than Before

Bitcoin (BTC) pumped more than 43% in two days and that got a lot of retail bulls very excited. However, at the same time it made many traders very concerned because that was an unprecedented move not because of why it happened but how it happened. Just before that move happened, we expressed the strong probability of further upside in BTC/USD because it was long overdue. However, the manner in which the price pumped was an extreme case of manipulation which raises the question, “why were the big players so desperate to do this?” If we look at the price...

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Sally Ho's Technical Analysis 2 November 2019

Bitcoin Bitcoin (BTC/USD) appreciated to the 9296.98 level in today’s Asian session as the pair was lifted from the 9085.00 area during yesterday’s North American session.  Following the pair’s recent move lower to the 8950.00 level during Thursday’s North American session, the pair quickly rebounded to the 9433.00 level before coming off and finding technical Support just below the 9063.99 area, representing the 76.4% retracement of this relative low and relative high.  Selling pressure emerged during yesterday’s North American session right around the 9300.14 area, representing the 23.6% retracement of the 10540.49 – 8917.00 range. Stops were elected above the...

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How Soon Could We Be Getting Taxed For Our Bitcoin?

The CEO and founder of Bittax, Gidi Bar Zakay spoke earlier this year to Bitcoinist at the Israel Bitcoin Summit on 8th January in Tel-Aviv about cryptocurrency tax obligations for users and how the regulatory landscape is taking shape across the world. To start with, Zakay was asked why he decided to launch Bittax and how Bitcoin taxes differ from regular taxes. “Not everyone can calculate crypto taxes from their own home. The regular and familiar calculation method – FIFO (First in First Out) – isn’t so simple to calculate either, but calculating tax in a way that will simultaneously...

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Bitcoin (BTC) Is Showing Signs Of Weakness

Bitcoin (BTC) has broken past the key descending triangle as we discussed. This is nothing extraordinary as it has happened before. However, it is important to highlight such moves because the purpose of our analyses at Crypto Daily is to help retail traders understand how they are tricked into making bad trades by the big players in this market and how to combat such antics. The price has failed to garner any momentum to break higher and we can see that it has been struggling to flip bullish but every time it pumps, it retraces back leaving a long wick...

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Changing EUR/USD Outlook Is Bad News For Bitcoin (BTC)

The changing outlook of the EUR/USD forex pair is bad news for Bitcoin (BTC). The 4H chart for EUR/USD shows that the pair could decline below the rising wedge back into the falling wedge. If that happens, we are very likely to see a sharp decline in the cryptocurrency market as well because the EUR/USD forex pair makes up for most of the Dollar Index (DXY). A decline in EUR/USD means a rise in the strength of the US Dollar and therefore a decline in the prices of cryptocurrencies in dollar terms. The S&P 500 (SPX) might also be at...

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