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Sally Ho's Technical Analysis 6 July 2019

Bitcoin Bitcoin (BTC/USD) moved lower early in today’s Asian session as the pair traded as low as the 10,802.00 area after fading from the 11,449.51 level during yesterday’s North American session. The intraday low early in today’s Asian session is just below the 61.8% retracement of the range from 8919.72 – 13,868.44, and the next important downside level in that range is 10,087.62.  The pair experienced a sizable decline early in yesterday’s Asian session, declining from the 11,862.20 area to the 11,035.01 level, a depreciation that accelerated after Stops were elected below the 50-bar MA (4-hourly) around the 11,456.47 level....

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Drops in Bitcoin (BTC) and Lisk (LSK) Weaken CD Large-Cap Index to 34.51

The CryptoDaily 21 Leaders Cryptocurrency Index continued its pullback and declined to 49.43 on Friday from 50.26 on Thursday, a 1.65% fall. The 21 Leaders Index is off 5.37% over the past 7 days and is up 7.52% over the past 30 days.  Qtum (QTUM) depreciated 5.6% to a market capitalisation of US$ 451.89 million as the pair slipped back below BTC 0.000425 to its lowest level since 28 June. Bitcoin (Bitcoin) weakened 5.1% while Chainlink (LINK) led the gainers with a +6.5% climb as traders continue to react to news about a possible tie-up with Google Cloud and its...

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Peter Schiff Now Owns BTC & Speaks on Golden Asteroid Saying Bitcoin Community is Creating a Fake Story Out of it

Meteor Madness The continuous story about the golden asteroid Psyche 16 allegedly contains humongous amounts of precious heavy metals which is “whole bunch of nonsense,” according to the CEO of Euro Pacific Capital, Peter Schiff. Speaking in an interview with RT, Schiff said that even though there is a metallic asteroid belt between Mars and Jupiter, no one could know for sure what is in it. “It is a rare metallic asteroid with a composition similar to the Earth’s core. It’s made almost entirely of an iron-nickel alloy, with small amounts of other metals, likely to include gold.” “But I...

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Litecoin (LTC) Might Tell Us What Bitcoin (BTC) Is Going To Do Next

Litecoin (LTC) has been in a lead for the most part since the beginning of the recent parabolic run. It has been a good indicator of what BTC/USD has been doing throughout the recent rally. Now, we have LTC/USD in two descending triangles which if broken to the downside would indicate that we might see a decline in Bitcoin (BTC) as well. If we look at the 4H chart for LTC/USD, we can see that it is already below the 200 EMA. This could fall further towards the end of the week and we might see the price break below...

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What If The Bitcoin (BTC) Bubble Actually Pops This Time?

Bitcoin (BTC) has declined below the 38.2% fib extension level and is now eyeing a decline below the 61.8%. If BTC/USD does fall below that level, we might see it decline temporarily towards the 200 EMA on the 4H time frame before it eventually declines further and completes the current correction just below $8,000. This would be the steep move to the downside that we expect which will most likely be followed by a pump to the upside. After that, we will see another gradual decline kick in. Now, this is what we see on the shorter time frames and...

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