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Sally Ho's Technical Analysis 24 January 2020 BTC ETH

Bitcoin (BTC/USD) extended recent losses early in today’s Asian session as the pair receded to the 8278.00 area, down from the 8791.76 high during Wednesday’s European session.  Given the pair’s inability to sustain its recent break above the psychologically-important 9000 figure, some technically-significant levels remain the focus of traders.  One important technical range is the move from 10540.49 to 6430.00 and one of its important levels is the 8558.56 area, representing the 50% retracement of that range.  The market orbited this area for a few days following its escalation higher to the 9194.99 area last weekend.  Other important levels in...

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Ethereum (ETH) Could Still Make One Last Bullish Move Against Bitcoin (BTC) 

Ethereum (ETH) could yet make one last bullish move against Bitcoin (BTC) before the next major downtrend kicks in. It is quite probable at this point. We can see on the daily time frame on the ETH/BTC chart that the pair might shoot towards the 200-day moving average and print a fake out before the actual downtrend begins. The stakes are too high at this point and this might be the last opportunity the market makers and the whales get to trap in as many bulls as possible before the next major downtrend. Once the price starts to crash below...

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ETH Saw The Most Correlation Compared to Most Cryptocurrencies in 2019

ETH was the cryptocurrency that had the most correlation compared to the rest of the market over the past year. The second-biggest digital currency had an average correlation rate of 0.69. The report further looks into the top twenty digital currencies in the industry. According to recent research, ETH was the cryptocurrency that had the most correlation compared to the rest of the market over the past year. In a report published earlier this week by the research side of the Binance platform, it indicates that over 2019, the second-biggest digital currency had an average correlation rate of 0.69. The...

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New Bill Proposed in Congress Could Have a Big Impact on BTC and ETH

At the end of last week, a new bill was introduced in Congress. The Virtual Currency Tax Fairness Act of 2020 US representatives in Congress supported this bill with mixed support. At the end of last week, a new bill was introduced in Congress. Such bill is said to have an impact on the cryptocurrency industry however, how positive it will be, remains to be seen. If all goes well, this new bill will help solve a payment issue for the delay in the leading cryptocurrency as well as other altcoins in the industry such as ETH.  US representatives in...

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Ethereum To See Further Distribution Over Time

Over the past ten or eleven years or so, there has been a significant increase in the adoption of cryptocurrencies like bitcoin. In a recent report by Coinmetrics, it delves into the amount of bitcoin and other cryptocurrencies being held by other platforms. Over the past ten or eleven years or so, there has been a significant increase in the adoption of cryptocurrencies like bitcoin. There have been some highs and lows but unfortunately the mainstream the lows seem to have outweighed the highs as platforms such as Mt. Gox has seen significant attacks/hacks which shadows over the good impact...

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