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Sally Ho's Technical Analysis 20 April 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains as the pair tested a key area of technical Resistance, consolidated gains, and then found additional Bids. Traders tested the 5349.70 area, representing the 76.4% retracement of the 5488.00 – 4901.99 range and an upside target that we identified in our 19 April 2019 analysis. Profit-taking then pushed the pair below another key technical area, the 5265.70 area, representing the 50% retracement of the 7402.50 – 3128.89 area. Chartists are eager to see if BTC/USD can establish a supportive base around the 5265 – 5195 range in an attempt to test some additional technical...

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Litecoin (LTC) Expected To Lose Most Of Its Gains To The Next Corrective Wave

Litecoin (LTC) is likely to erase most of its hard earned gains during the next corrective wave as it is now overbought like no other cryptocurrency. This is because LTC/USD received a big boost off its halvening hype in anticipation that the bear market was over. Now that most people realize that the bear market is in fact not over, the price of Litecoin (LTC) might be due for a big fall. While the upcoming halvening event in August is definitely something that could have led to the recent rallies in Litecoin (LTC), we believe that most institutional investors are trying to...

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What Will It Take To Send Bitcoin To The Moon Again?

Investors have been patiently waiting for well over a year now to see Bitcoin skyrocket to values recorded during the cryptocurrency boom. Here, Bitcoin tipped $20,000.00 and looked to be one of the most incredible investments in history. Sadly though, cryptocurrency became too much of a good thing and an inevitable decline followed. The crash, though expected did thankfully look to be short lived, however over 12 months down the line and no real recovery in sight, we have to ask ourselves the question; what will it take to send Bitcoin to the moon again? Remember, this is the essence...

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Why These Comments About Bitcoin Are Important

When people both inside and outside of the cryptosphere talk about Bitcoin, it makes an impact on the industry. On a small scale, people talking ‘badly’ about Bitcoin can have a huge impact on the future adoption of the cryptocurrency. On a larger scale, more prolific speakers can have an impact on regulation, laws and legislation, as well as impacting the government ‘feel’ towards crypto. Therefore, it’s important to sit back at times and observe what people are saying about Bitcoin, in order to understand the important quotes, and, the FUD. Doing this helps us become better investors and allows...

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Ethereum (ETH): Why It May Not Be A Good Time To Go Short Just Yet

Ethereum (ETH) is trading within a large bear pennant that can also be considered a symmetrical triangle. In the past few weeks, ETH/USD broke one such pennant to the upside and the price pumped hard in the weeks that followed. It is once again on the verge of a breakout and technical indicators suggest that we could see a fake out this time. RSI on the daily time frame has bounced off after finding a strong trend line support. The Stochastic RSI has plenty of room to go up as it is near oversold territory. This means that the least...

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