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Bitcoin (BTC) Determined To Test $5,800-$6,000 Zone Before Downtrend

Bitcoin (BTC) has been struggling to break past the $5,445 mark for more than ten hours. The last time BTC/USD broke above out of a similar bullish pennant it made a short lived rally which was followed by significant downside. The price has now clearly broken above the 61.8% Fib retracement level but if it keeps on consolidating again at current levels without forming higher highs and higher lows, the probability of a flash crash would increase. This probable crash would set the ground for BTC/USD printing the same fractal that it has two times now in the recent past....

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Sally Ho's Technical Analysis 28 April 2019

Bitcoin Bitcoin (BTC/USD) encountered some profit-taking early in today’s Asian session after the pair tested Offers around the 5221.24 level, just below the 5225.44 area, representing the 38.2% retracement of the 5650.01 – 4963.00 range. Today’s intraday high is also just below the 100-bar MA (4-hourly) which came in at 5235.03 during the move higher. During today’s pullback, the pair dropped to the 5162.12 area and continues to orbit the 5176.07 area that we have written about extensively. Some Bids emerged yesterday around the 5125.13 area, a short-term retracement area, and chartists are looking to see if any additional weakness...

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Bexplus - Bitcoin Leverage Exchange Helps You Earn BTC Easily

During the nearly 2-year-long crypto winter, traders are finding way to profit from cryptocurrency investment. Bitcoin futures trading with leverage might be the best way that traders could earn money before the end of the bearish market. Introduction Bexplus exchange is a world-leading Bitcoin futures leverage platform. It lets traders take advantage of the uptrend and the downtrend of the crypto market, and make profits without having to invest a great deal of money. Founded in Hong Kong in 2017, Bexplus has also established offices in U.S, Australia, Russia, Brazil, India, covering 36 countries and supporting 21 languages all around...

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Bitcoin (BTC): Sell In May And Go Away

“Sell in May and go away” is a popular adage on Wall Street and a long used investment strategy. Historically the S&P 500 has performed better between November and April compared to other months. A lot of investors who manage their own stock portfolios and do not have any specialized investing expertise rely on such seasonality patterns to buy and sell. Everyone likes to take a summer break and Wall Street is no stranger to such breaks. Most professionals go vacation between May and August which means they would not want to worry about their investments while they are away....

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Disney To Take Over Bitstamp?

Two big cryptocurrency exchanges could be on the verge of having a partnership with the Walt Disney Corporation. Disney will become the owners of both the South Korean exchange Korbit and the European platform Bitstamp if the $13 billion equity deal is given the green light. This news comes from the South Korean news outlet The Korea Herald, who cited a banking industry source speaking to another publication. They have revealed that the chairman of the online gaming giant NXC Corporation, Jung-ji Kim, is planning to sell his 98.6 percent share in the firm. The Korea Herald states: “The anticipated...

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