In using technical analysis, we are watching two unconventional charts to plot the next move in Bitcoin (BTC). First, we are looking at total market cap (Figure 1). Total crypto market cap has reached the outside of a Fibonacci circle. If Bitcoin (BTC) does not rally sometime…
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“This analysis is an adaptation from the work of Mati Greenspan, Senior Market Analyst at eToro” Key Highlights: Bitcoin enters the longest bear market From December [...] The post Bitcoin [BTC] Enters The Longest Bear Market With A Hope of Revival: Expert Opinion appeared first on Coingape.
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The cryptoeconomy may be down for now, but Kraken’s not miffed per its newest acquisition. The San Francisco-based exchange has purchased cryptocurrency derivatives platform Crypto Facilities in a whopping “nine-figure deal” that will bring cash-settled digital asset futures to Kraken. The move not only marks an operational…
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Leading Canadian cryptocurrency exchange Coinsquare has reportedly laid off almost a third of its staff. The news comes after at least five other trading platforms found themselves in trouble during the past month. From the need to adapt to a prolonged bear market, overcome financial difficulties and…
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The CEO of Binance, Changpeng Zhao has spoken out to the cryptocurrency community to put pressure on Amazon, the e-commerce giants that Zhao believes really need to start thinking about launching their own crypto, sooner, rather than later. This stems from CZ’s belief that any internet based…
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At press time, the father of crypto is trading for about $3,418 and has remained relatively stable over the past seven days. Granted the price isn’t at all near where we’d like it to be, it’s a relief to see that volatility has taken a rest (albeit…
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Stellar (XLM) is often seen a Ripple (XRP) competitor that wants to cut the middle man and enable people to become in charge of their own finances. While Ripple (XRP) empowers the banks and helps maintain the status quo, Stellar (XLM) wants to empower the end user…
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Bitcoin looks ready to resume its slide as it bounced off the mid-channel area of interest once more and is eyeing the Fib extension levels as downside targets. Price is closing in on the 38.2% level at the $3,450 area and might move all the way down…
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Ethereum is still trending higher so far, making higher highs and higher lows inside an ascending channel pattern. Price is currently testing support and might be gearing up for another breakdown. However, the 100 SMA is crossing above the longer-term 200 SMA to suggest that the path…
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Long-Term Outlook A look at the Weekly chart for TRX shows that price is currently trading at $0.027. Price is within the resistance area of [...] The post Tron [TRX] Technical Analysis: Price Is Moving In A Symmetrical Triangle, Is A Breakout/Down Imminent? appeared first on Coingape.
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