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Bitcoin CME Futures Gap Or Yet Another Bear Trap?

Bitcoin (BTC) has yet to close a gap on CME Futures. The 4H chart for BTC/USD shows that gap and traders are now divided on whether this gap will be filled now or after another move to the upside. The recent pump in Bitcoin (BTC) that left this big gap was a classic case of institutional exit. The big players are cashing out while they keep retail bulls thinking the market is ready to rally towards a new yearly high. The recent bearishness in the market was reversed with a few bullish moves and we are practically back where the...

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Blockstream Chief Strategy Officer Warns Regulators About Negative Approach to BTC

The Blockstream Chief Strategy Officer (CSO), Samson Mow has warned that the hostility to Bitcoin from the worldwide regulators has potential to negatively impact both parties, i.e the authorities and cryptocurrency, if they lose their control. Whilst attending a panel at a Liquid meetup at the Litecoin Summit on October 29th, Mow made a significant prediction in that the regulatory restrictions to the leading cryptocurrency could have both good and bad consequences for the lawmakers themselves.  BTC Enforcement The event is all apart of the conference which is hosted by the Bitcoin technology company Blockstream and the BTSE platform in...

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Sally Ho's Technical Analysis 3 November 2019

Bitcoin Bitcoin (BTC/USD) drifted higher early in today’s Asian session as the pair traded as high as the 9363.82 area after being supported around the 9210.00 level during yesterday’s European session. The pair continues to seek market direction following its spike to the 10540 area on 26 October, a move that was abrupt and quickly saw BTC/USD settle back around the 8918.47 area, representing the 50% retracement of the 7296.44 – 10540.49 range.  Following that retracement, the pair has only once traded above the 9774.89 area, representing the 23.6% retracement of that range, and has generally orbited the 9301.26 area,...

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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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