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Sally Ho's Technical Analysis 18 August 2019

Bitcoin Bitcoin (BTC/USD) continued to hover around some key technical levels early in today’s Asian session as the pair continues to orbit the 10,367.06 area, representing the 38.2% retracement of the move from 4,702.53 to 13,868.44.  The pair did not really deviate from this area during yesterday’s Asian session or European session. The pair traded as low as the 9,470.00 level this week, its weakest print since late July and a level that is right around the 50% retracement of the move from 5,072.01 to 13,868.44. Given the pair’s recovery back above the psychologically-important 10,000 figure, its short-term bias is...

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Bexplus Wallet: New Way To Diversify Your Profits

Bexplus is a popular marginal exchange, which allows users to trade crypto futures with 100x leverage. However, this August Hong-Kong based company introduced platform’s new lending feature: BTC-Wallet with annual interest. Here’s a review of new lending service.  According to Bexplus, while platform is a marginal exchange where trading requires some knowledge and certain experience in trading, the BTC-Wallet is designed especially for traders, who is new to leveraged trading and don’t want to take high risks.  Bexplus BTC-Wallet is independent from trading on the platform: bitcoins in Saving Account won’t be considered as margin, so even if you have...

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Ethereum (ETH) Likely To Plunge Below $180 To Complete Correction

Ethereum (ETH) is trading within a large falling wedge. The price is likely to eventually break out of this falling wedge and rally higher potentially towards the 38.2% fib retracement level at $232.15 but it is unlikely to happen before the price sees further downside from current levels. We can spot a downtrend on the RSI on the 4H chart for ETH/USD. That being said, the support at $180 is a strong one but we expect it to be broken nonetheless in order for Ethereum (ETH) to complete its correction. There is also the possibility that this falling wedge might...

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Printing Your Own Crypto Paper Wallet

Even though cryptocurrency is a digital asset, it doesn’t mean that you have to forgo the sensation of actually holding your money in your very own hands. That’s where paper wallet come in. They are a staple feature of using cryptocurrency and today’s tip is a tool that lets you easily print them for yourself. Paper Wallet Generator There are several cryptocurrency paper wallet generators that you are able to find online, but if you are going to use a service to secure your money, then you need to make sure it’s one you can trust. Bitcoin.com offers a free...

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Blockchain-Based Solutions Could Revolutionise Remittances

According to a recently published report, by BlockData, blockchain-based money transfers are more than 380 times quicker and almost 130 times more cost effective than those of financial systems. When you take a look at the Ripple transaction speed and fees, these statistics are even more impressive. The report shows us that blockchain based solutions are great for remittance payments. Through a sample of sum 1,800 remittance payments, BlockData found that Ripple, BitShares, and Stellar could turn the industry in another direction.  The reports show that while legacy systems take anywhere between two and five days to settle transactions and...

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