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Bitcoin (BTC), EUR/USD Poised For A Breakout As IH&S Nears Completion

Bitcoin (BTC) is about to complete a massive inverse head and shoulders pattern. This means that the price is expected to breakout as early as next week. The potential for upside is as high and so is the probability of a rally from current levels. For the past few months, Bitcoin (BTC) has been reacting to the price action on EUR/USD. The IH&S that we see on the BTC/USD 4H chart is also a consequence of that reaction. We are only seeing this pattern form on BTC/USD because EUR/USD is doing the same thing. Now, the EUR/USD has been long...

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Crypto Mining Rigs For Sale Following Bitcoin Crash

The second biggest Bitcoin mining hardware designers have held a fire sale of its products for the ‘celebration’ of the recent crash of the leading cryptocurrency, Bitcoin while some of the minor players in the market are being crushed from the market. The firm from China, Canaan Creative was behind the very first Bitcoin mining ASICs, last week. Steven Mosher, a representative from the company announced that the firm’s miners can be purchased for $200 each until the depletion of the stock. The only exception is the Avalon 911 mining rig which had already sold out. The firm didn’t set...

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Bitcoin Futures Confirmed For 2019

It has been confirmed by the Vice President of the American Stock Exchange, Nasdaq Joseph Christinat that the exchange will launch Bitcoin futures in the first half of 2019 pending a regulatory approval from the Commodity Futures Trading Commission (CFTC). Traditional banking institutions have been starting to open up a bit more to the emerging asset class. The stock exchange has been getting ready for the launch of Bitcoin Futures for most of this year after spending years researching the impact Bitcoin Futures could have. Vice President Joseph Christinat has confirmed the impending listing stating: “Bitcoin Futures will be listed...

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Bitcoin Jesus Discusses State Of Market

The CEO of Bitcoin.com and an avid believer in Bitcoin Cash, Roger Ver has recently sat down to talk to Bloomberg in an exclusive video. The CEO has been known for his hate for centralised bodies and radial libertarian thought process and penchant for the Austrian brand of economics, maintained that digital currencies still hold value despite the bear trend that we have seen throughout this year. Ver is one of the biggest names in the industry and is known throughout the space for his strong opinions on Bitcoin, Bitcoin Cash and so on. He has been a long leading...

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Bitcoin (BTC): Inverse H&S Is Still In Play

Bitcoin (BTC) has begun the day in green convincing traders and analysts that the Inverse H&S formation might still be valid. If we look at the above chart for BTC/USD, we can see that Bitcoin (BTC) has completed a left shoulder and a head. Now it is supposed to form a right shoulder around the completion of which the price is expected to break above the 21 EMA resistance. If Bitcoin (BTC) rises above $4,200 we can say that it is finally in the clear for further upside. Until yesterday, there was a strong probability that Bitcoin (BTC) may retest...

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