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Ethereum (ETH) Is On The Verge Of A Game Changing Crash

Ethereum (ETH) broke past $200 in an impressive run up yesterday as the price shot straight past the 50 EMA on the 4H time frame breaching the 38.2% fib retracement level from the local top. RSI on the 4H chart for ETH/USD shows that the price is now trading under overbought conditions but if circumstances were different, this may not have stopped it from rallying higher. However, the reality on ground is that Ethereum (ETH) remains in bear trend despite the recent bullish move. The descending triangle that ETH/USD is trading in could end in a lot of blood especially...

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How Bakkt Will Impact Ethereum As Well As Bitcoin

The launch of Bakkt’s Bitcoin futures and custody platform on 23rd September is a shot of adrenaline for the crypto space but on top of boosting the flagship currency, Ethereum could see a knock-on effect from the action. It has been very anticipated for a while now but the physically settled futures should in theory shift market composition towards greater institutional influence. As explained by Ethereum World News, Bakkt is “a subsidiary of Intercontinental Exchange, the owner of the New York Stock Exchange. Bakkt hopes to quicken the pace of institutional bitcoin adoption. Its custody pitch for best of class...

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Sally Ho's Technical Analysis 19 August 2019

Bitcoin Bitcoin (BTC/USD) continued to try to gain ground above the psychologically-important 10,000 figure early in today’s Asian session as the pair built upon Bids that emerged around the 10,066.66 level during yesterday’s European session.  This level was above the 10,046.06 area, representing the 23.6% retracement of the 13,202.63 – 9,071.00 range, and Bids later emerged above the 10,087.62 area, representing the 76.4% retracement of the move from 8,919.72 to 13,868.44. Additional Bids then emerged around the 10,367.06 area during yesterday’s North American session, representing the 38.2% retracement of the move from 4,702.53 to 13,868.44. Technical Support that has been...

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Ethereum (ETH) Bulls Are Fighting A Lost Battle Hoping For Altcoin Season

Bitcoin (BTC) bulls are fighting a battle and that battle is to prove to the world that Bitcoin (BTC) could be a good hedge during times of crisis and that it can be a store of value. That may be considered a lost battle as well but not as lost as the one Ethereum (ETH) bulls are fighting and in this analysis we will see why. First of all, while Bitcoin (BTC) is hailed as digital gold by some, Ethereum (ETH) is not digital anything. It is just a smart contracts platform that derives its valuation from the high number...

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Sally Ho's Technical Analysis 18 August 2019

Bitcoin Bitcoin (BTC/USD) continued to hover around some key technical levels early in today’s Asian session as the pair continues to orbit the 10,367.06 area, representing the 38.2% retracement of the move from 4,702.53 to 13,868.44.  The pair did not really deviate from this area during yesterday’s Asian session or European session. The pair traded as low as the 9,470.00 level this week, its weakest print since late July and a level that is right around the 50% retracement of the move from 5,072.01 to 13,868.44. Given the pair’s recovery back above the psychologically-important 10,000 figure, its short-term bias is...

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