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Bitcoin (BTC) Bulls Are Still In Control

Bitcoin (BTC) bulls remain in control as the market eyes a recovery. We can see that BTC/USD has begun its recovery and Ethereum (ETH), Ripple (XRP) and other altcoins have followed. Litecoin (LTC) is trading a lot higher than most large cap coins while some like Binance Coin (BNB) and Bitcoin SV (BSV) seem to have topped out short term as they rallied a lot higher in the past. It is beginning to get clear that the bulls are not ready to give up just yet and the market might rally further. Taking a look at the 4H chart for...

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Sally Ho's Technical Analysis 20 June 2019

Bitcoin Bitcoin (BTC/USD) rebounded early in today’s Asian session as the pair escalated higher to the 9279.00 area after buying demand commenced late in yesterday’s North American session. Stops were elected above the 9262.88 level during the move higher, representing the 61.8% retracement of the move from 9475.00 to 8919.72. Prior to this area, Stops were triggered above the 9142.77 area, representing the 50% retracement of the 8810.53 – 9475.00 range. Early in yesterday’s European session, technical Resistance emerged just above the 9197.36 retracement area and the corresponding selling pressure knocked the pair lower to the just below the 9050.77...

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BTC: Will Facebook Be Bitcoins Downfall?

Let’s take a look back into 2008 during the financial crisis, one of the biggest bouts of economic chaos since the great depression in the 1930s. During the financial crisis of the last decade, there was a big depression caused by distrust amongst bankers which almost saw the western world sink into the depths. With this now firmly behind us, we can appreciate the significant role bankers have played in the evolution of money. While they given society means to embrace money, bankers have also taken advantage of the loopholes and weaknesses in the present financial system to better themselves...

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Scam: 22,800 Bitcoins Allegedly Laundered by UK Business

According to a recent report, the US Commodity Futures Trading Commission has filed a complaint against the UK based company Control-Finance Ltd and its Director, Benjamin Reynolds. According to the Finance Feeds report, 22,800 Bitcoins were stolen from customers by guaranteeing them healthy profits on their investments. According to sources close to the matter, the US watchdog filed a complaint with the New York Southern District Court against Control-Finance Ltd. alleging that it defrauded around a thousand customers to launder just under $150 million worth of Bitcoin. In fact, the UK based firm has been accused of taking investments from...

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EUR/USD Near Term Outlook Points To Further Upside In Bitcoin (BTC)

The Fiber (EUR/USD) has recently been through an extensive correction that has now seen it retrace to the top of the descending triangle it escaped from earlier. As the pair has found strong support on the previous resistance turned support, we can expect it to continue rallying from here especially as the pair is likely to just break out of a falling wedge. This breakout could result in a completion of the ABCD pattern drawn on the 4H chart for EUR/USD. Recent stance taken by ECB President, Mario Draghi hints that further rate cuts might be on the way for...

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