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Sally Ho's Technical Analysis 3 July 2019

Bitcoin Bitcoin (BTC/USD) moved higher early in today’s Asian session and traded as high as the 10925.00 level before ceding some ground and moving back to the 10589 area. During yesterday’s North American session, the pair moved back above the 50-bar MA (4-hourly), and then Bids emerged around the 50-bar MA (4-hourly) at 10564 during a pullback.  While the pair was consolidating recent gains below the 50-bar MA (4-hourly), it traded as low as the 9651 area during yesterday’s North American session, just below a downside price extension price objective around the 9671 level. Early in today’s Asian session during...

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Ren and Waltonchain Skyrocket and Elevate CD Mid-Cap Index to 46.98

The CryptoDaily 21 Leaders Cryptocurrency Index improved to 50.61 on Tuesday from 49.79 on Monday, a 1.64% climb. The 21 Leaders Index is down 8.19% over the past 7 days and is up 1.70% over the past 30 days.  NEO (NEO) expanded +7.6% to a market capitalisation of US$ 1.26 billion as traders reacted to progress listed in NEO’s June 2019 Monthly Report released today.  Chainlink (LINK) contributed to gains with a +4.0% climb while Cardano (ADA) led laggards with a 3.9% decline. The CryptoDaily Large-Cap Cryptocurrency Index appreciated to 35.21 on Tuesday from 34.78 on Monday, a 1.24% rally....

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Why Bitcoin (BTC)’s Parabolic Rally May Not Be Over Yet

Bitcoin (BTC) has declined sharply below $10,000 but the 4H chart for BTC/USD tells us that there is a high probability that the price might end up rising above this mark again. In fact, not just that, we are likely to see a break out of the falling wedge any time soon. This could help the price rally towards $11,000 with possible resistance around the 50 EMA. However, the long term outlook remains unchanged. For traders, this might be a good opportunity to buy now in anticipation of a rally. Those that are net short might find this a good...

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Emotions Run High During Craig Wright’s Satoshi Nakamoto Hearing - Is He Really The Creator Of Bitcoin?

The man who claims that he is Satoshi Nakamoto, Craig Wright recently attended a hearing on 28th June where he told the federal court that he is unable to access his $10 billion Bitcoin fortune… Sources who were present during the hearing last week said that Wright also broke into tears during the cross-examination when explaining why he left Bitcoin in 2010. High Emotions The battle between Wright and the late David Kleiman has been going on for over a year now but the case has just seen a significant movement. With Wright not being able to disclose his Bitcoin...

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Has Bitcoin Begun Its Brutal Downtrend?

Bitcoin is down more than 7% at the time of this analysis. We are likely to see it decline further now that it has broken below the 21 day EMA. The next stop here might be the 50 day EMA where the price can expect to see some relief short term. However, the long term outlook remains the same and we expect the price to decline further towards the end of the year in the months ahead. Now, looking at the price, there is only one trend line that separates the bull trend from the bear market. We would not...

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