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Bitcoin (BTC) Primed For A Swift Bullish Reversal As Bearish Momentum Fades

Bitcoin (BTC) finally made the move that we’ve been calling for in our analyses for weeks now. It was the move towards $9,916 and that finally came to fruition. However, like us, many other professional traders expected that move so when it finally happened, they took profits and got out of their positions. This resulted in a weakening of the bearish momentum. Make no mistake; there are a lot of retail bears still hoping for the price to fall to $8,800 or lower levels from here. I don’t see it happening at this point. The most probable scenario that I...

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€100k Bitcoin Competition Kicked off By Dominos Pizza in France

Love it or hate it, you can’t deny that Dominos Pizza is huge. As one of the thousands of pizza joints across the world, Dominos is a household name at this point and one of its French units has just launched a competition with the prize being €100,000 worth of bitcoin. In a tweet posted by Dominos France last week, the firm started a competition to give away the euros on the occasion of its 30th anniversary. A rough translation says “For our 30th birthday, you win something sick: 100 000 € in cash or bitcoin 🤑100% winning game with...

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Bitcoin (BTC) Bulls Finally Come To The Rescue

Bitcoin declined below the $10,000 mark and fell down to $9,916 as we expected. We have also been discussing how the price would find a support around that level as it is the 61.8% fib extension level and that finally happened. Every move to the downside was followed by a big bounce and the price ended up closing way above the 61.8% fib extension level. So long as the price remains above this level, we expect the temporary bullishness to remain in the market. The reason we are bullish on BTC/USD from this point forward for now is because of...

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Clayton Explains Why SEC Keep Delaying ETF Approvals

Continuing on from an article we posted yesterday in regards to the SEC chairman, Jay Clayton saying that they are close to giving the go-ahead on a bitcoin ETF, it is now known as to why they have been delaying the decision for so long. Speaking at an event on September 9th, several speakers took to the stage, one of which noted the SEC’s questions as regards to bitcoin custody, manipulation of price and security. Highlighting that the SEC has been put of cryptocurrency due to bitcoin price manipulation, the chairman proposed the much-anticipated question on whether the cryptocurrency community...

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Sally Ho's Technical Analysis 11 September 2019

Bitcoin Bitcoin (BTC/USD) appreciated slightly early in today’s Asian session as the pair climbed to the 10297.12 area after finding a bid around the 9916.00 area during yesterday’s North American session, below the 9938.16 area that represents the 61.8% retracement of the move from 7508.77 to 13868.44.  The pair was steadily pressured lower from yesterday’s Asian session and Stops were elected below the 100-bar MA (4-hourly) late in yesterday’s European session.  Notably, the intraday high during today’s Asian session is right around the 61.8% retracement of the recent 10541.75 – 9318.00 range, an indication that technicals are impacting the short-term....

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