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Bull Run Bad News For Ethereum

On the surface, the recent positive moves in the market might look good for cryptocurrencies like Ethereum, however once you scratch the surface just a little, it becomes clear that actually things may not be working out as well as Ethereum investors might hope. Ok, so in terms of value and their investments at the moment, things look good. When you look at the market capitalisation and the potential longevity of Ethereum hoever, things start to look a little less promising.  Because of the bull run and because of the heightened interest in Bitcoin, the market capitalisation of Bitcoin has...

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Sally Ho's Technical Analysis 9 August 2019

Bitcoin Bitcoin (BTC/USD) continued to orbit some very important technical levels early in today’s Asian session as bulls contemplated a fresh assault on the psychologically-important 12,000 figure, while bears eyed a return to the 11,136.82 area, a level that represents the 50% retracement of the move from 13,202.63 to 9,071.00.  The pair is now trading well above its 50-bar MA (4-hourly) and continues to oscillate above and below its 50-bar MA (hourly). The 11,950 level continues to draw serious interest from traders as it represents a downside price objective that developed when the pair descended from the 13,204 level in...

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The Markets Are Flying High, Bitcoin, XRP, Ethereum Up

You might have noticed that at the moment the cryptocurrency markets are flying high. Values are on the up and as are our investments. Overall, this is very positive news given that generally the past year has been quite a depressing one for us. With the markets moving in the right direction, it can be quite easy for us to get ahead of ourselves, so we must remember to hold back at this stage and not let our excitement get the better of us.  Cryptocurrency investment is risky. Even the leading cryptos like Bitcoin, XRP and Ethereum do come with...

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Ethereum (ETH) To Hit The Bottom Of The Descending Channel After Crash Below 50 EMA

Ethereum (ETH) keeps trading within the descending channel that it entered in June. The price is now long overdue for a massive crash to the bottom of this channel. We know that the price is in no position to break this descending channel just yet and if it started to decline from here, it will have to test the bottom of this channel which is likely to drag the price down to a double digit price. If we take a look at the RSI, we can see that it has broken a strong uptrend and now signals further downside in...

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Sally Ho's Technical Analysis 8 August 2019

Bitcoin Bitcoin (BTC/USD) appreciated to the 12,088.00 area early in today’s Asian session as the pair continues to seek upward momentum following its test of the 12,320 area earlier this week. The market started to move higher on 28 July with conviction when price activity was around the 9,108 area and has generally been Bid since then, other than some profit-taking during Tuesday’s trading activity.  The pair is now trading above its 50-bar MA (4-hourly), 100-bar MA (4-hourly), and 200-bar MA (4-hourly) and chartists are observing a continued bullish convergence of the 50-bar MA (4-hourly) and the 200-bar MA (4-hourly)....

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