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Tether Strike Back at Bitcoin’s 2017 Manipulation

Tether issue official response to BTC manipulation research paper Professors at the University of Texas, and an assistant professor at the Ohio State University, John Griffin and Amin Shams, respectively conducted the research into the manipulation on 2017 Tether claims the paper is bias Last night, Tether published an official response to a research paper which discussed the claim that one market whale on Bitfinex was behind the price of bitcoin surging up to $20k in 2017.   On November 4th this week, Bloomberg released a study that claimed that the unexpected surge in price that bitcoin went through in...

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Sally Ho's Technical Analysis 8 November 2019

Bitcoin Bitcoin (BTC/USD) was quite volatile early in today’s Asian session as the pair depreciated to the 9075.00 level before rocketing higher to the 9250.82 area. Traders observed some very technical trading during yesterday’s Asian and European sessions as the pair traded higher to the 9375.16 area, right around the 61.8% retracement of the 6815.28 – 13868.44 range. Selling pressure then commenced and knocked the pair lower to the 9123.22 area, right around the 50% retracement of the 10944.67 – 7301.77 range.  Traders pushed the pair below the 50-bar MA (4-hourly) during the move lower. The pair’s move lower has...

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The Popularity Of Bitcoin & Crypto Scams In South Korea

Over 2 Billion dollars in damages since 2017 130 Suspected Criminals Cryptocurrency scams aren't unusual for the industry but in South Korea, things just don’t seem to be going the countries way…  As reported by the Korea Herald, the local Justice Ministry estimates that crypto-related crimes have resulted in around 2.70 trillion won in damages since July 2017. This is equal to about $2.3 billion in the United States. The events that cause the damage include fraud, Ponzi schemes and the hacks of exchanges. To respond to the huge negative financial effect that dodgy person(s) and companies in the cryptocurrency...

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Bitcoin Risks Crash Below Key Structure

Bitcoin seems ready to begin its downtrend. The weekly chart for BTC/USD shows the price struggling hard to remain above the 13 Week EMA. However, a decline from here would put the price right next to the 21 Week EMA which would be very hard to find support on because the bearish momentum that builds up would be really hard to contain. Please note that this time it is not about bridging the CME Futures gap as that is out of the equation and already done. Now a decline from here means a real decline and I don’t think the...

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Bitcoin (BTC) Bulls Remain Optimistic While Price Begins Downtrend

Bitcoin (BTC) bulls are still too optimistic even though the price has begun the day in red and has embarked upon a downtrend. We have yet to see whether the price has some room to make one last move to the upside before declining hard but the retail bulls seem unconcerned by any of this. The daily chart for BTCUSDLongs shows that bullish positions on BTC/USD have been on the rise in the past few days and they might yet rise further to test the 61.8% fib retracement level once again. Such a rise is likely to coincide with some...

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