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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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Bitcoin’s (BTC) 3.5% Fade Pushes CD Large-Cap Index Lower to 34.78

The CryptoDaily 21 Leaders Cryptocurrency Index fell to 49.79 on Monday from 51.29 on Sunday, a 2.92% decline. The 21 Leaders Index is down 9.00% over the past 7 days and is up 0.97% over the past 30 days. Bitcoin (BTC) weakened 3.5% to a market capitalisation of US$ 188.5 billion as it briefly moved back below the US$ 10,000 level. Dash (DASH) contributed to losses with its 2.6% slump while EOS (EOS) led the gainers with a +4.8% improvement. The CryptoDaily Large-Cap Cryptocurrency Index depreciated to 34.78 on Monday from 35.62 on Sunday, a 2.36% pullback. The Large-Cap Index...

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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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