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9 November 2019 - BCH/BTC – 15 minutes

In this 15-minute chart of Bitcoin Cash/ Bitcoin (BCH/BTC), there is an appreciation from 0.02967 to 0.03290. We can see the price depreciated to and tested the 0.03094 level (identified by the blue up arrow), with the 0.030904 area representing the 61.8% retracement of that range. Another range we can see is the depreciation from the 0.03284 level to the 0.03094 level. We can see that price activity then appreciated and tested the 0.031666 level (identified by the red down arrow), right around the 38.2% retracement of the depreciating range.   Stay on top of the cryptocurrency market with CryptoDaily’s trading...

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Sally Ho's Technical Analysis 9 November 2019

Bitcoin Bitcoin (BTC/USD) extended its recent depreciation early in today’s Asian session as the pair traded as low as the 8712.52 area.  Selling pressure commenced during yesterday’s Asian session from the 9244.18 area, knocking BTC/USD lower to the 8915.00 area by the European session. Some short covering took place around that level as it is right around the 50% retracement of the 7296.44 – 10540.49 range.  BTC/USD Bears then resumed their intraday carnage, electing Stops below the 8840.73 area, representing the 50% retracement of the 10382.08 – 7299.37 range.  Additional Stops were then triggered below the 8688.03 area, representing the...

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What You Really Need To Know About Coin Market Capitalisation

As a cryptocurrency investor, or as someone interested in crypto and simply just reading up on the news, you probably often find yourself staring at the markets via a database such as CoinMarketCap or CryptoCompare. If you’re really clued up, you’ll know exactly what all the intricate data means and may even spend time comparing hourly price changes much like a traditional investor would. However, for the fringe investor, these databases can often be tricky to navigate. With so many different terms, figures and values, what is it we are really looking for? Value, that’s the big one. We observe...

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Bitcoin Finally Begins To Decline

Bitcoin (BTC) has finally started to decline. We have now seen the price embark upon a major downtrend as the price has finally crashed below $9,000. This was a very important level that we have been watching for the past week and it is therefore important to wait for confirmation and see if the price closes or below this level. The 21 Week EMA is going to be an important level to watch to see if BTC/USD can manage to remain above it. If the price closes below it, then the decline is likely to be very brutal. There is...

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Bitcoin (BTC) Has Finally Begun Its Downtrend. What Happens Next?

Bitcoin (BTC) is ready to decline further as it has begun its downtrend. The next few days are going to be crucial because we will see the market take a definitive direction. As of now, BTC/USD is still holding strong above the 21 Week EMA but it is unlikely to remain there for long. We are likely to see a major decline over the weekend. If the price does decline below the 21 Week EMA then it will be a sharp one and we might see a similar downtrend to what we have seen in the past when BTC/USD has...

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