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Sally Ho's Technical Analysis 10 June 2019

Bitcoin Bitcoin (BTC/USD) continued to be pressured early in today’s Asian session as the pair depreciated to the 7508.77 area after facing selling pressure during yesterday’s European and North American sessions. The pair has twice tested the 7515.25 area multiple times over the past several hours, representing the 38.2% retracement of the move from 4967.61 to 9090.00. Some Stops were elected below the 200-bar MA (4-hourly) yesterday around 7777.00, and then again below the 7724.78 area, representing the 38.2% retracement of the 5516.12 – 9090.00 range. BTC/USD continues to consolidate recent gains and traders continue to identify some targets and...

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Could Ripple (XRP)’s Next Big Move Result In Decoupling From Bitcoin?

Ripple (XRP) is a lot different than most cryptocurrencies for a number of reasons. First of all, it does not use blockchain technology. Instead, it uses distributed consensus ledger using a network of validating servers. Second of all, Bitcoin (BTC) is supposed to be digital gold and a store of value while Ripple (XRP) is just a digital currency aimed at making payments faster and cheaper. It is quite obvious that both of them actually have quite little in common apart from both being called cryptocurrencies. Now, this decoupling debate is not new. We have seen it come under discussion...

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Voatz: The Next Generation In Voting

Overstock’s Medici Ventures and Techstars led a Series A round for the Blockchain-based mobile voting platform, Voatz, who’s platform uses Blockchain technology to allow users to vote in a range of elections though a secured device. The funding was also helped by Oakhouse Partners and Urban Innovation Fund. Voatz have announced that the funding will be used to invest in developing their system. They aim to improve the usability and accessibility as well as boosting security now that it is launching new partnerships with cities, states and other ‘international jurisdictions’. A pilot effort was recently conducted by Voatz with the...

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Ethereum (ETH) Weekly Close Above 50 EMA Would Be Very Bullish Short Term

Ethereum (ETH) is finally closing a week in red after months of uptrend, but this may not be as bearish as it looks. In fact, it ETH/USD ends up closing the weekly candle above the 50 week EMA, that would be a very bullish development, one that might pave the way for a rally past $300 in the weeks ahead. Ethereum (ETH) was primed for a major decline but it stalled that decline by cooling off short term to make way for another rally to the upside. The price can keep on consolidating and rising in this manner for a...

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Modi’s Re-Election Could Make BTC Much More Expensive

India’s Prime Minister Narendra Modi has just been re-elected and with that, some changes are going to come to the country, especially in terms of Bitcoin trading. This is partially down to a fully-fledged trading market that went underground quickly owing to a blanket ban announced by the nations Reserve Bank (RBI). A lot of worried traders shifted to other exchanges like UnoCoin, ZebPay to either withdraw or sell their BTC. A lot of them trade cryptocurrencies away from the public eye and think that a cryptocurrency ban would just add more fuel to the fire to push operations to...

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