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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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Craig Wright’s Satoshi Claim Arrives at an Impasse

Craig Wright, or Satoshi Nakamoto as he claims to be, recently attended a mediation conference in Miami related to his $10 billion lawsuit against the estate of deceased computer genius Dave Kleiman. At an Impasse In a court filing dated June 18th, the mediator highlighted that both parties were unable to resolve their lawsuit at mediation. “This case did not settle at the mediation. As a result, we are at an impasse.” The Satoshi Debate The conference happened just one day after a judge sealed evidence that Wright was instructed to show in regards to him being the creator of...

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What If Bitcoin (BTC) Is About To Top Out?

Bitcoin (BTC) has started to show weakness just when everyone expected it to rally higher. A quick glance at the top twenty cryptocurrencies shows us that there is blood on the streets. Now, one could argue that this is just the market cooling off before the next run up but let us not forget that the price has been at major risk of a sharp decline for weeks. The Fear and Greed Index is down only one point from yesterday but sentiment does not take time to change in this market. Taking a look at Crypto Daily Indices, we can...

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Sally Ho's Technical Analysis 19 June 2019

Bitcoin Bitcoin (BTC/USD) encountered some buying pressure early in today’s Asian session as the pair moved back to the 9140.00 area after steadily drifting lower from the 9475.00 area in yesterday’s trading activity. Profit-taking was generally orderly in yesterday’s European and North American sessions and this selling pressure pair took price activity as low as the 8919.72 area. During today’s early rebound, the pair traded just above the 9131.84 area, representing the 38.2% retracement of the move lower from 9475.00 to 8919.72. BTC/USD’s orderly decline saw the pair weaken to just below the 8930.17 area during yesterday’s North American session,...

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Peter Schiff: "Libra Is Bad News For Bitcoin”

Everyone is allowed to have their own opinion - I mean, it’s a free country, right! A lot of people will talk about their opinions online to share with others and hope that someone agrees with you (its the 21st century and Twitter is free, what did you expect!?). Spreading your own opinion, you should always be prepared for others to beat you to the mark and comment on your own opinion. A good example is what recently happened between the Bitcoin community and the CEO of Euro Pacific Capital, Peter Schiff. Schiff started on Twitter talking about how Facebook’s...

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