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Ethereum (ETH) Remains On The Verge Of A Crippling Downtrend

Ethereum (ETH) remains in a strong downtrend. We might see a short term move to the upside that might shake out the bears hoping for the price to fall like a rock from here. However, that does not change the long term outlook. ETH/USD could rise even higher than $200 from here to test the 200 EMA on the 4H time frame before it does the inevitable and breaks market structure. The bears need to be prepared for this outcome and they need to plan their entries accordingly. As for the bulls, that fake out to the upside might be...

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CoinMarketCap Show Off New Method For Fighting Off Fake Data

A lot of you will use different websites and apps for keeping track of the price and value of the cryptocurrency market including the top five cryptocurrencies like Ripple, Ethereum and Litecoin. CoinMarketCap is one such price tracking website and it has just shown off its new ranking method for asset liquidity, to officially launch on the 12th of November this year. The news broke at the first-ever DATA (Data Accountability & Transparency Alliance) roundtable, which occurred this week on the 27th of August. CoinMarketCap went onto announce that in mid-October, a new page will be launched that will allow...

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Sally Ho's Technical Analysis 28 August 2019

Bitcoin Bitcoin (BTC/USD) marched lower early in today’s Asian session as the pair retreated to the 10,105.02 area after encountering some selling pressure around the 10,232.13 area late in yesterday’s North American session, just below the 50% retracement of the move from 6,600 to 13,868.44.  Traders took the pair as low as the 10,019.56 area during yesterday’s North American session following some selling pressure that emerged around the 10,395.77 area during yesterday’s Asian session. These Offers were a little bit above the 10,367.06 area, representing the 38.2% retracement of the move from 4,702.53 to 13,868.44. Market sentiment for BTC/USD continues...

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Ethereum (ETH) Is Moments Away From A Game Changing Breakout

Ethereum (ETH) is moments away from a game changing breakout. The daily chart for ETH/USD shows that the price has been stalling a move to the downside for so long that it is now at the absolute end of the descending triangle waiting for a breakout.  The probability of this breakout being to the downside is a lot higher than it being to the upside because ETH/USD is trading within a descending triangle and descending triangle have a history of breaking to the downside most of the time. That being said, we have seen the kind of manipulation in this...

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Sally Ho's Technical Analysis 27 August 2019

Bitcoin Bitcoin (BTC/USD) consolidated recent gains early in today’s Asian session as the pair continued to orbit the 10,367.06 area, an important level that represents the 38.2% retracement of the move from 4,702.53 to 13,868.44.  Stops were reached early in yesterday’s Asian session when the pair moved sharply above this level but intraday gains could not be sustained, and the pair fell back as low as the 10,168.59 area during the pullback.  During the rapid climb higher, the pair reached some Stops above the 10,638.50 level, representing the 50% retracement of the move from 7,427.00 to 13,850.00. This range is...

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