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Sally Ho's Technical Analysis 22 May 2019

Bitcoin Bitcoin (BTC/USD) found a little bit of buying interest early during today’s Asian session after trading as low as 7805.34 during yesterday’s European session and trading as high as the 8112.99 level during yesterday’s North American session. The pair remained above the 50-bar MA (4-hourly) during yesterday’s European session and continues to orbit the 50-bar MA (hourly), currently around 7930.15. The pair also continues to trade right around the 7966.03 level, representing the 76.4% retracement of the range from 8388.00 to 6600.00. Chartists continue to evaluate the pair’s upside potential and identify the 8139.25 area as an upside target,...

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Should You Invest in Bitcoin? Don’t Ask the Billionaires, Follow their Money

There are two sides to every coin, most especially with Bitcoin. Since its inception in 2008, the community has never lost the buzz surrounding it, whether it be positive or negative. Let us take a look at some of the biggest proponents and those on the opposing sides and where they these innovators think the whole industry is headed: The proponents Tim Draper Hailing from Silicon Valley, it is normal for Tim Draper to be in the know of the best investment opportunities in the technology space. Venture capitalists should know the pulse of opportunity and Draper sees this in...

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Bitcoin (BTC) Eyes A Fall To $7,000 After VanEck/SolidX ETF Decision Delay

Bitcoin (BTC) started to fall hours before the VanEck/SolidX ETF decision delay but soon after news of the delay broke, the price started to rally. A rejection may not have had the same effect but the response to a delay decision is also not what most expected it to be. The price of Bitcoin (BTC) has rallied aggressively the past few weeks on the assumption that the bear market is over and that new institutional products including ETFs are just around the corner. This narrative would have been really strengthened had this ETF been approved. However, strong price manipulation and...

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Teenage Crypto Millionaire Erik Finman Talks on 4 Big Issues Killing BTC

You may have heard of Erik Finman, possibly one of the youngest (if not the youngest) crypto millionaire. We haven’t heard a lot from the teenager in a while but now he has returned to the limelight by claiming that Bitcoin will ‘die’ unless the sticky issues it faces are fixed. Speaking to Yahoo finance, the teenage millionaire suggested that the sticky issues that impact Bitcoin come down to four main factors. This includes high transaction fees, complexity in use, slow processing speeds and in-fighting among development teams. “It’s facing four big problems. One, its high transaction fees. Two, it...

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Sally Ho's Technical Analysis 21 May 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session with the pair lifted higher to the 8157.17 level and appearing poised to make a run at establishing a new multi-month high. The pair tested some technical Resistance around the 8139.25 level in yesterday’s North American session, representing the 76.4% retracement of the move from 8315.00 to 7580.31. Stops were elected above the 8138.25 area during the move higher. Bids also emerged at some important technical levels during yesterday’s European session and later in the North American session. Yesterday’s intraday low was just below the 23.6% retracement of the move from...

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