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Ripple (XRP) Faces Strong Rejection At 21 Day EMA Against Bitcoin (BTC)

Ripple (XRP) has just faced a strong rejection at the 21 day exponential moving average against Bitcoin (BTC). This is a strong setback for XRP/BTC considering the price is already in a do or die situation. The only thing that could save Ripple (XRP) from significant further downside is a rise above the 50 day moving average. If it fails to do that and faces a rejection at the 50 day moving average, we might see a strong decline below the 200 day moving average. If the price falls below the 200 day moving average, we could see it flash...

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Bitcoin (BTC) Likely To Complete Its Final Move To The Upside This Week

Bitcoin (BTC) is long overdue for one strong move to the upside that can complete the bullish gartley pattern seen on the daily chart for BTC/USD. This move would also position Bitcoin (BTC) for a fall on the weekly time frame and thus set the ground for the final corrective wave to the downside. However, before that happens, a move to the upside is mandatory. We have called for this move in most of our previous analyses but the price has been stalling this move so far. We also mentioned that this move will occur around the end of a...

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Bitcoin Futures Not Being Added By Cboe

The Chicago Board Options Exchange announced today, that it will not be adding any new Bitcoin futures of any kind this month. “CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contractfor trading in March 2019.CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading. Currently listed XBT futures contracts remain available for trading.” New contracts were added in the several other categories including Volatility Index futures. Funny, it seems...

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Sally Ho's Technical Analysis 15th March 2019

BTC/USD (Bitcoin/ US dollar) Bitcoin (BTC/USD) displayed some serious volatility along with many of the majors in the alt-coin complex during Thursday’s North American session. In short order, the pair sharply escalated from around the 3850 level to the 3900.00 figure before bidding a hasty retreat to the 3779 level, and then reclaiming most of its lost ground. Stops were triggered above the 3866.46 level, representing the 200-bar MA (240 minutes) and then the 3878.34 level, representing the 23.6% retracement of the 3655 – 3947.33 range. During the sharp spin lower, BTC/USD encountered technical Support just below the 3780.97 level,...

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Marijuana Industry Interested In Bitcoin’s Lightning Network, Says Zap’s Jack Mallers

During a panel focused on the Lightning Network and Bitcoin development at the recent 2019 MIT Bitcoin Expo, Jack Mallers, who is the creator of the Zap Lightning Network wallet, was asked to talk about what merchants need to know before they try to join the Bitcoin’s second-layer payments solution. In his response, Mallers indicated there is demand for Bitcoin’s Lightning Network from merchants involved in the marijuana industry. Merchants Want Lightning According to Mallers, there is a lot of interest in Bitcoin’s Lightning Network from merchants; however, more on and off ramps between the Lightning Network and traditional fiat currencies are needed. “Merchants actually —...

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