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Bitcoin (BTC) All Set For A Final, More Devastating Fall

Bitcoin (BTC) crashed hard the past few days. Most analysts and investors were quick to call it the final wave of capitulation. For a moment, it seemed to be the final wave of capitulation. However, soon afterwards Bitcoin (BTC) printed a pattern which is not a common sight in the crypto markets. The above 4H chart for BTC/USD is as bearish as a sell setup could get. The price has formed a very obvious bear flag the past few days. However, if it were the whole story, we might still have significant hope of a recovery from current levels considering...

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EUR/USD And Bitcoin (BTC) Share Similar Outlook After Dovish Fed Tone

EUR/USD bulls claimed victory when the price rose above 1.140. In addition to that, Morgan Stanley said that the Dollar’s bull run had ended. On top of all of that, a dovish fed tone led to an understanding among traders and investors that the Dollar might indeed be due for a long decline against the Euro in the months ahead. The above monthly chart for EUR/USD is what we have been emphasizing on when the first signs of a similarity between 2004 to 2006 and 2018 started to appear. If you look at the encircled price action during both of...

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Why Lightning Payments Are Not Always Cheaper Than On-chain Bitcoin Transactions

Bitcoin’s Lightning Network has become the digital currency’s main response to those who say fees for on-chain transactions have gone far too high over the past couple of years. The transaction caching system has been hyped by some as a saviour for those who wish to make small-value payments on the Bitcoin network, and others say there won’t be a reason to use on-chain payments ever again. Of course, these people are wrong — at least on that second point. As Blockstream Core Tech Engineer Christian Decker recently explained at Chaincode Labs’s Lightning Apps Residency, Lightning payments and on-chain transactions...

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Bitcoin (BTC): Post Capitulation Outlook And Way Forward

Bitcoin (BTC) bounced off the $6,000 many a time but major players in the market were still not convinced that we have reached the bottom. Before the beginning of a new Bitcoin (BTC) cycle, we have to see a strong capitulation, a final shakeout to wipeout all remaining weak hands. If the last few days have shown us anything, it is that history may not repeat itself but it does rhyme. Looking at the above monthly chart for BTC/USD, many would argue that history has already repeated itself. Even those that do not agree with this view cannot deny the...

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8 Men Arrested Over Crypto Ponzi Scheme

Eight men have been arrested by law enforcement officers in Japan followed suspicions that they have been running a cryptocurrency Ponzi scheme which has accumulated just under 8 billion yen from thousands of victims across the country. According to a recent report from a local news outlet earlier this week the men involved were suspected by police of breaking the financial laws in the country by not registering their business with the proper authorities and using digital currencies to hide what they were doing. The men had allegedly been touting a fraudulent investment company called Sener which was claimed to...

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