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Sally Ho's Technical Analysis 2 July 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session and moved higher to the 10,597.00 level, its strongest print after crashing below the 100-bar MA (4-hourly) during yesterday’s North American session.  Stops were reached after the pair moved below the 100-bar MA (4-hourly) around the 10,515 level, taking the pair to its lowest level of the day around the 9953.00 area. Several important areas of Stops were elected during the pair’s move lower yesterday, including below downside price extension objectives around the 10,637 and 10,267 levels. Notably, Bids emerged around the 9953 area during yesterday’s pullback, just above a historical...

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Cryptocurrency Can Be Safer Than You Think

Believe it or not, cryptocurrency investment does not have to be risky, it doesn’t have to be dangerous and investing in crypto doesn’t mean you need to behave like you’re navigating a minefield. As a matter of fact, cryptocurrency can even be seen as an investment option that is safer than many traditional investments, such as stocks and commodities. Of course, you should remember that even when you play it fully safe, cryptocurrency investment still carries an element of risk and that ultimately, you can be left behind if you don’t watch yourself in this industry. The markets are brutal...

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Bitcoin Is Revolutionising Sport

World elite sports have seen huge changes over the past couple of years and I’m not just talking about rules, laws and regulations, i’m talking about the injection of a new kind of sponsorship and a new kind of endorsement, that is, a huge uprise in the endorsement of Bitcoin and other related cryptocurrencies. These days, we see many major sports teams advertising sponsorship deals with major cryptocurrency firms. We only need look as far as the English Premier League to see a number of major sporting franchises wearing the colours of cryptocurrency and blockchain brands and businesses. Why is...

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What The Massive Fall In Bitcoin (BTC) Shorts Means For The Price

Bitcoin (BTC) price continues to show weakness yet the number of shorts fell by 20,000 BTC in one day yesterday. A lot of traders are wondering what this might mean for the price of Bitcoin (BTC) as it is clearly not a short squeeze. If it were a short squeeze, we would have seen a strong pump in the price of Bitcoin (BTC). Well, if we take a look at the daily chart for BTCUSDShorts, we cans see that this is the chart for the number of margined shorts on the Bitfinex exchange. Normally, if such shorts were to be...

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Wall Street Veterans Starting To Invest In Bitcoin & Blockchain

The American businessmen, Wall Street titan and co-founder of the private equity firm KKR & Co., Henry Kravis is the latest big investor to get involved with blockchain and cryptocurrency.  The 75-year-old Wall Street legend is specifically investing in a cryptocurrency fund provided by ParaFi Capital according to Bloomberg. Kravis joins fellow billionaire investors Peter Thiel (PayPal) and Louis Bacon (Moore Capital Management), who have both placed their bets on cryptocurrency and blockchain tech. Ben Forman, founder of ParaFi Capital has said that the risky and often volatile world of cryptocurrency provides an unparalleled upside for new investors and traders....

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