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Bitcoin (BTC) Might Finally Be Out Of The Woods As Price Bounces Off Weekly 200 EMA

Bitcoin (BTC) might finally be out of the woods this time as its price finds support at the 200 EMA on the weekly chart for BNC:BLX above in addition to its previous resistance turned support as well as the $5,800 support. This confluence of supports makes it very difficult for the bears to push the price lower from current levels. RSI is already trading in a falling wedge and is all set to break out of it in the weeks to come. Elliot Wave Oscillator on the above chart for Bitcoin (BTC) shows the price to have reached the extent...

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At Least Falling Bitcoin Has Silenced The ‘Crypto Bros’

The ‘Crypto Bro’ is a self coined term to describe those intolerable people in tight fitting clothes that like to brag about their cryptocurrency successes. Yes, they were in the right place at the right time and made millions off the back of some small investments, great. They have benefitted from an anti-capitalist platform that had turned capitalist overnight. During the cryptocurrency boom at the end of 2017 and the start of 2018, these bros became more and more prevalent, hitting the mainstream to show off their riches. It actually reached a point where it all became intolerable to the...

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Bitcoin Tracker One Is Almost As Important As A Bitcoin ETF

We know how important a Bitcoin ETF is going to be for the markets and for Bitcoin in general, yet as it stands, no such thing exists. After total rejection by the SEC, we now have around 9 ETF applications pending, though none of us are very optimistic about the final destination for these. Perhaps then, it’s time to start looking for new ventures elsewhere? Introducing Bitcoin Tracker One Bitcoin Tracker One is an ‘Exchange Traded Note’ a Bitcoin ETN. It tracks Bitcoin against USD and exists through a partnership between Swedish firm XBT Provider and a UK firm called...

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BTC And LTC Find Balance, XLM And MIOTA Struggling To Maintain

After a very unsteady week, the markets really are struggling to level out the playing field. As it stands, everything is a little shaken up. After earthquake of a crash that started at the start of the week, we expect a number of aftershocks to continue to put pressure on a number of altcoins and Bitcoin too. Therefore, today’s outlook no doubt resonates what we will see throughout the rest of this week and the weekend too. Don’t worry too much, the markets will recover from this, but at the moment I guess it is pretty hard to be optimistic....

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How Bitcoin Mining Could Become An Activity For The Crypto Bourgeois

Bitcoin mining was once an activity for techies. An activity that made the most of powerful computing rigs in order to mine and develop a currency which could be used to hide away from the ruling class. An activity for a working class hero. Now though, much like cryptocurrencies themselves, mining has become somewhat of a capitalist ideology. It’s a multi-million dollar business, one that promises to make the rich, richer. As you know, cryptocurrency mining is very harmful to the environment. Bitcoin mining alone  can use as much energy as 31 households would in a day, just to power...

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