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Bitcoin (BTC): The Worst Has Yet To Come

Bitcoin (BTC) saw a massive decline in price after it failed to close day above the 50 day EMA. This has panicked a lot of bulls who expected the price to rally past $11,000 in the days ahead. However, most of the bulls do not realize that this is nothing compared to what has yet to come. These moves are just temporary shakeouts before the price does the inevitable and declines below the descending triangle. The recent move towards the 50 day EMA was aimed at shaking out the bears. As we can see on the daily chart for BTC/USD,...

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What’s Yet To Come For Bitcoin Before 2020 Part 2

In our last article, we discussed what’s yet to come for Bitcoin in 2019. There are several highlights for BTC before 2020 including the Bitwise ETF proposal and Bakkt (which we mentioned previously), but now we’re going to take a look at some of the other key dates in Bitcoins future that could see a great impact. Mt. Gox Rehabilitation We’ve all heard of Mt. Gox. the infamous crypto exchange that went bankrupt and has seen the former CEO attend many court hearings in regards to losing the majority of the Bitcoins held on the exchange.  On 28th October, we...

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Digitex Announces Testnet Launch Date

On Friday, August 23, Digitex announced the launch date of its upcoming Testnet. Beginning on November 30, the public will be able to test out the new futures trading platform starting with one market, a DGTX-funded perpetual swap BTCUSD contract. Zero-Fee Futures Trading The new platform, co-developed by SmartDec, has a few features that are different from previously-launched cryptocurrency futures exchanges. Fee structure is a key area where Digitex is trying to be different from the competition.  Similar platforms generate revenue by charging users for each side of a trade. On the Digitex trading platform, there will be zero fees...

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What’s Yet To Come For Bitcoin Before 2020 Part 1

Whereas this year has been an eventful one so far, there’s plenty of important dates left for the leading cryptocurrency to look forward to before the next decade beckons. Bakkt’s Launch On 23rd September, Bakkt will officially launch.  This has been highly anticipated for a long time now but Bakkt has finally received all the regulatory approval necessary to launch its Bitcoin futures platform. The CEO of Bakkt, Kelly Loeffler said on 18th August that the platform is to officially launch on the 23rd of next month.  As reported by CryptoSlate: “While some analysts have predicted that Bakkt will increase...

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Sally Ho's Technical Analysis 24 August 2019

Litecoin Litecoin (LTC/USD) sought fresh market direction early in today’s Asian session as the pair continues to trade below the psychologically-important 100.00 figure, a level it fell sharply below earlier this month. The market yielded a lot of clues during its descent below this area, especially around the 83.34 area, a downside price objective related to the recent high of 145.97. Likewise, LTC/USD Bulls have managed to keep the pair Bid above the 68.44 area, representing the 61.8% retracement of the move from 22.17 to 144.34. Sentiment clearly remains quite Bearish given the pair’s ongoing depreciation below the 50-bar MA...

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