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New Bitcoin Scam Sweeps Instagram

The latest major cryptocurrency scam seems to be targeting Instagram users after reports have surfaced discussing how ‘high-end’ brands are being used to manipulate users into parting with their Bitcoin. These reports seem to stem from Sweden, where Swedish Law Enforcement officers have issued warnings to stop more Instagram users being scammed in the future. According to Forbes: “Products from high-end brands like Gucci, Louis Vuitton, as well as consumer electronics like Apple, have recently been advertised for spot prices between 50 and 300 Euros primarily to the general public in Sweden. In order to finalise the purchase, individuals are...

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Bitcoin (BTC) Has Once Again Delayed Its Final Correction To The Downside

Bitcoin (BTC) has once again delayed its correction to the downside. If BTC/USD had closed the week above the $4,000 mark, we would have already seen this week begin with a strong move to the downside. However, that did not happen and now we will see another week of sideways movement with a potential spike to the upside on the weekend. If we look at the daily chart for BTC/USD, we can see that the bullish gartley pattern on the daily chart has to come to fruition like it did between December, 2018 and February, 2019. For that to happen,...

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Fidelity’s Institutional BTC Trading Now Live

One of the subsidiary's of Fidelity Investments, Fidelity Digital Assets, has been making some ground on providing Bitcoin trading and custody services for big financial institutions. This includes hedge funds, family offices, endowments and pensions. Last week, 7th March, the subsidiary announced that their services are live with some of these customers. Typically referred to as just Fidelity, Fidelity Investments is a multinational financial services institution which is one of the biggest asset managers in the world with more than $2.4 trillion in assets as of March 2018. Fidelity Digital Assets will be attempting to bring Bitcoin and crypto trading...

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Why Bitcoin (BTC) Is Not Going Down Before A Strong Move To The Upside

Bitcoin (BTC) rallied the past few days as expected but the price is now back near the 38.2% Fib retracement level. It is expected the price will test this level and consolidate above it to make its next move towards the 61.8% Fib level leading to a big spike towards $4,200. This move will set the ground for a swift fall towards $3,000 in the weeks ahead. We do not expect the next correction to kick in without this move. The bullish gartley pattern seen on the 4H chart for BTC/USD will also come to fruition with this move. Furthermore,...

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Bitcoin (BTC) Volatility Index Hints This Week’s Close Key For Future Direction

Bitcoin (BTC) was supposed to make a decisive move a few weeks back but a flash crash just before the weekly close changed the plan. However, this time things seem to be headed the right way and we expect the price will close the week above $4,000. The weekly chart for Bitcoin Historical Volatility Index (BVOL24H) shows that if the weekly candle closes in its current position i.e. below the 50 week moving average we could expect the volatility to continue to fall in the weeks ahead which would accelerate Bitcoin (BTC)’s fall to its true bottom. On the other...

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