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Sally Ho's Technical Analysis 2 October 2019

Bitcoin Bitcoin (BTC/USD) continued to trade a key technical level early in today’s Asian session as traders reacted to the 8474.00 area, a level that represents the 23.6% retracement of the 10939.34 – 7712.45 range.  The pair topped out around the 8535.00 area during yesterday’s North American session after the pair’s upward trajectory became evident during yesterday’s Asian session when Bids emerged around the 8188.00 area, representing the 61.8% retracement of the move from 4702.53 – 13868.44.  The pair’s ascent yesterday saw BTC/USD test the 50-bar MA (4-hourly), the latest indication of its short-term strength as traders seek to reclaim...

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NEO Founder on Wanting to be Different from Bitcoin & Ethereum

Bitcoin might be the leading and top cryptocurrency however, that doesn’t mean it’s the best. There are several projects out there that have their own set of advantages over bitcoin for sure, and one of those projects is NEO. Naysayers of the project will bring their main argument to the table here saying that NEO is too centralised in both a political and internal sense.  As for right now though, the NEO Foundation and its subsidiaries are holding a great amount of power. And with great power, comes great responsibility… Since it was created, NEO has been leaning on the...

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20+ Years Treasury Bonds Outlook Hints At Further Downside In Bitcoin (BTC)

Bitcoin (BTC) has had a stronger positive correlation with the S&P 500 (SPX) in comparison to the 20+ Year Treasury Bonds (TLT). The reason for that is that Bitcoin (BTC) despite the narrative of digital gold, remains a highly speculative asset that has been seen to lose more ground than stocks when the S&P 500 (SPX) last entered a downtrend. Even though there may not be a formal correlation between the stock market and the cryptocurrency market, we have seen cryptocurrencies decline sharply whenever the stock market has declined. This is only reasonable to expect considering Bitcoin (BTC) belongs to...

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Bitcoin Fraudster Charged $7 Million By CFTC

To start off the month of October in good ol’ bitcoin fashion, The Commodity Futures Trading Commission (CFTC) has charged a Pennsylvania-based citizen, for allegedly defrauding what would have been customers of $7 million in Bitcoin. According to a statement from the CFTC. the complaint accuses a one Jon Barry Thompson of making “false representations to customers,” misleading investors into thinking he or the firm he was involved with, were in possession of bitcoins that were available for purchase last year. Filed in a Southern New York District Court, Thompson has been accused of defrauding two businesses and requested them...

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John McAfee’s Game of Thrones Guide to the Bitcoin Crisis

We’ve experienced a pretty harsh month in September and many crypto enthusiasts are on their hands and knees, praying for the market to pump up across the $10k key resistance level.  The technical picture is leading many experts and analysts to go for even harder losses over the next month with longtime bitcoin naysayers saying that bitcoin is going to experience a full-blown meltdown soon. Skip Season 8... One of the biggest crypto influencers out there, John McAfee has given his thoughts on bitcoin and crypto many times over the past few years. The British-American computer programmer businessman is a...

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