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Sally Ho's Technical Analysis 10 November 2019

Bitcoin Bitcoin (BTC/USD) gained ground early in today’s Asian session as the pair traded as high as the 8832.19 area after finding bids around the 8719.52 area during yesterday’s North American session.  Traders continue to adjust to the risk of a weaker BTC/USD following its collapse below the 9000 figure during Friday’s European session.  Traders were unable to push the pair above the 50-bar MA (4-hourly) prior to the depreciation, and then sizable Stops were elected below the 100-bar MA (4-hourly) during the decline.  Traders lacked the conviction to test the 200-bar MA (4-hourly) during the move lower.  At the...

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Data centers are under pressure to meet internet demand

Huge Pressure after a 500% Increase since 2009 The Average home has 7 Internet Connected Devices Internet service providers reported staggering growth over the past decade. Talktalk saw a massive 500% internet traffic increase in the 7 years since 2009. That’s quite eye-watering, especially when placed next to other infrastructures. Imagine roads, trains, water or electricity trying to cope with this growing demand. And yet we still expect and need more from the internet with data consumption still surging 22% a year. We’re 20 years into the internet Millenium, the .com bubble is a distant blip on the radar, but...

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How Low Could Bitcoin (BTC) Fall From Here?

Bitcoin (BTC) has shown obvious signs of weakness and it has repeatedly closed below the 200 EMA on the 4H time frame now. We have yet to see a close below the 21 Week EMA to have further confirmation that BTC/USD has indeed resumed its downtrend. The fractal we see in the making is a lot similar to the one that preceded it which led to a massive decline down to the bottom of the descending channel. If the same were to happen this time, then the price might plunge below $7,222 to test the bottom of the channel but...

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Why Is Russia Planning On Confiscating Bitcoins From Investors?

Russian authorities have announced a new set of laws that could come into effect in 2021. These new laws give the local police department the authority to confiscate any and all digital assets from people that commit financial fraud. The good news is that cryptocurrencies such as Bitcoin are not necessarily emphasized in the report, it simply says digital assets which could mean quite a lot of things. However, the main question that the local cryptocurrency community is asking themselves right now is how are the police even going to find people who have cryptocurrencies, and second of all how...

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Researchers Claim One Whale Was Behind BTC Hitting $20k

Texas and Ohio professors update prior research on 2017’s bull run Only ONE whale was allegedly behind the market movement But is that a bad thing? In winter of 2017, there were a lot of claims floating around in regards to manipulation. Well now, researchers have escalated their claims about market manipulation for the time and are now claiming that it was just one whale that was responsible for Bitcoin’s historic price surge. Professors of the universities of Texas and Ohio respectively, John Griffin and Amin Shams have updated their prior research, which made the point that market misconduct was...

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