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BTC/USD's Support at Former Resistance a Bullish Clue: Sally Ho's Technical Analysis 31 May 2020 BTC

Bitcoin (BTC/USD) extended recent gains early in today’s Asian session as the pair escalated higher to the 9578.02 area after trading as low as the 9326.43 area during yesterday’s Asian session, right around the 9328.54 area that represents a downside price objective related to selling pressure that originated around the 9836.99 area.  During the recent move higher, Stops were reached above the 8890.13, 8969.58, 9049.03, and 9147.33 areas, representing the 38.2%, 50%, 61.8%, and 76.4% retracements of the recent depreciation from 9306.23 to 8632.93.  Traders have also recently triggered Stops above the 9318.50 level, right around the 50% retracement of...

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Analyst: how the mining capitulation could spark something in BTC

After the bitcoin mining rewards were cut following the highly anticipated halving, Bitcoin miners have been on a wild ride.  As a result, many of the users who were using older model mining machines before, shut them down as they were only registering small profits. After the bitcoin mining rewards were cut in half on the 11th of May following the highly anticipated halving, Bitcoin miners have been on a wild ride and as a result, many of the users who are using older model mining machines before shut them down as they were only registering small profits. Following on...

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Can BTC/USD Remain Supported by 50-Hour SMA? Sally Ho's Technical Analysis 30 May 2020 BTC

Bitcoin (BTC/USD) gave back some recent gains early in today’s Asian session as the pair came off to the 9330.01 level after trading as high as the 9625.00 area during yesterday’s Asian session, its strongest level in more than one week and right around a downside price objective related to selling pressure that originated around the 9836.99 area this month.  Similarly, the bids that emerged around the 9330 area during yesterday’s North American session were just above the 9328.54 area, representing a related downside price objective.  During the recent move higher, Stops were reached above the 8890.13, 8969.58, 9049.03, and...

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Final Bitcoin Bull Trap Before Crash

Sell in May and Go Away might have been delayed for a while this time but it is definitely around the corner. The price of Bitcoin seems to be on the verge of the final bull trap before the major crash. It appears that the market makers and whales want to trap in more bulls before the major decline by printing an inverted head and shoulders formation. This is a trick they have played many a time but the majority of retail traders continue to fall for it because of fear of missing out. The 1H chart for BTC/USD “looks”...

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Messari suggests inflation rate for XRP is Significantly Higher than BTC

Messari has recently indicated that ripples XRP token has an inflation rate which is coming up to 20% for the latest financial year.  This would be the highest amongst all crypto assets and it is five times the size of bitcoins. Messari, the well-known data and research company has recently indicated that ripples XRP token has an inflation rate which is coming up to 20% for the latest financial year. This would be the highest amongst all crypto assets and it is five times the size of bitcoins. Research for the data company, Florent Moulin shared this information on Twitter...

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