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BTC/USD Escalates Then Paused by 60-minute SMA: Sally Ho's Technical Analysis 28 May 2020 BTC

Bitcoin (BTC/USD) gained some additional ground early in today’s Asian session as the pair resumed its climb above the psychologically-important 9000 figure, having traded as high as the 9191.70 area during yesterday’s North American session.  Stops were reached above the 8890.13, 8969.58, 9049.03, and 9147.33 areas during the ascent, representing the 38.2%, 50%, 61.8%, and 76.4% retracements of the recent depreciation from 9306.23 to 8632.93.  Traders recently stopped short of testing the 9318.50 level, right around the 50% retracement of the recent depreciation from 9836.99 to 8800.00.  Additional upside price retracement levels that traders are monitoring include the 9440.86 and...

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Bitcoin Presents Good Opportunities To Short

There are some good opportunities to short for Bitcoin bears that have been waiting patiently. Those that followed the herd and got too excited around $8.6k expecting a crash towards $7.6k would be panicking now though because this has been a very aggressive short squeeze. Most retail traders whether it be bulls or bears continue to make the same mistakes over and over again but for those that are reasonable, there will be some good entries to be short on the market in the near future. The reason this is a better time to look for short entries is because...

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The unpredictable nature of BTC following its halving. Could it hit $1m in the next 10 years?

At this point, it isn’t unusual for people in the crypto industry to make wild predictions on the leading cryptocurrency.  Whereas some people predict bitcoin to crash, others believe that it will fly high to a height of even $1 million. At this point, it isn’t unusual for people in the crypto industry to make wild predictions on the leading cryptocurrency. Whereas some people predict bitcoin to crash, others believe that it will fly high to a height of even $1 million. Some people believe that it will happen within the next 10 years and even though the prediction is...

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RBI brings clarity to bitcoin situation in India 

The Supreme Court in India made a big movement in the crypto space earlier this year by lifting its bitcoin ban.   Despite the ruling, the country was still flummoxed with questions with some banks refusing to offer their services to businesses relating to cryptocurrency. The Supreme Court in India made a big movement in the crypto space earlier this year by lifting its bitcoin ban. This ban had been imposed by the reserve bank of India and restricted banks from service in crypto-related companies in the nation. Despite the ruling by the Supreme Court, the country was still flummoxed with...

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The Top 5 Bitcoin Trading Bot for 2020

Due to cryptocurrencies’ similarity to stocks and shares as investment opportunities, it is no surprise that individuals and companies have been working hard to automate the trading process of cryptocurrencies, in the same way as they do for stocks and shares. This has led to the increased popularity of cryptocurrency trading bots. These are automated programs that buy and sell various cryptocurrencies at the right time to maximize profit for the user. There are a number of effective programs for this, however, there are five cryptocurrency trading bots that are better than the rest. NapBots NapBots is a cryptocurrency and...

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