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Bitcoin (BTC) Primed For A Big Move From Here

Bitcoin (BTC) has been trading sideways for the most part throughout the weekend. Ethereum (ETH) on the other hand has been making big moves to the surprise of most bears. This led some into thinking that it might be the beginning of a bull market until recently when the price ran into a strong resistance around the $194.55 and faced a strong rejection. Looking at the BTC/USD chart, we can see that it has been trading sideways for the most part for the past 24 hours. It is likely that we will see a sharp move soon but before that...

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Is Bitcoin Legal In The US? Cryptocurrency Regulations Trends | Crypto-Geography - Part 1

Crypto has become an integral part of the global economy. In the world with internet and electricity, decentralized digital currency cannot be easily censored, like it or not. Read on to find out about crypto regulations in different states of America, blockchain-based businesses and the US government’s attitude to cryptocurrency. And be sure to check out the first part of our running series exploring the crypto regulatory landscape in different places around the world.  Cryptocurrency Regulations & the Economic Situation in the USA Even Wikipedia can tell that crypto is legal not in every state of America. But the situation...

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Sally Ho's Technical Analysis 16 September 2019

Bitcoin Bitcoin (BTC/USD) rallied higher early in today’s Asian session as the pair traded as high as the 10379.98 area after Bids emerged around the 10271.70 area late in yesterday’s North American session. The pair had a volatile weekend that saw it climb higher from the 10233 area on Saturday, consolidate gains, and then finds Bids late yesterday around the 38.2% retracement of the 10939.34 – 9851.97 range.  Some Stops were elected above the 10371.72 area early in today’s Asian session, representing the 61.8% retracement of the 10433.49 – 10271.78 range. If BTC/USD’s upward momentum can continue, traders will need...

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Bitcoin (BTC) Rally Towards $11,000 Still Possible But Not Very Probable

Bitcoin (BTC) recently invalidated a descending triangle and has now turned it into an ascending triangle. This is not something we get to see often but if you focus on the play here, this is not surprising at all. Trading is more about psychology than it is about drawling lines and patterns on a chart. There are a lot of traders who can draw good lines and patterns but they can’t make profitable trades. The reason that does not work is because if you can draw pretty lines and patterns, you are the market maker’s favorite victim. They will play...

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Sally Ho's Technical Analysis 15 September 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as traders lifted the pair to the 10433.49 area after buying activity emerged late in yesterday’s North American session around the 10223.36 area. After moving close to the 10395 area during yesterday’s Asian session, an important upside price objective that represents the 50% retracement of the move from 10939.34 to 9851.97. BTC/USD orbited both the 50-bar MA (4-hourly) and 200-bar MA (4-hourly) before buying demand surfaced during the North American session. Chartists are observing a Bullish convergence of the 50-bar MA (hourly) and 200-bar MA (hourly) that could lead to additional...

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