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Bitcoin and Litecoin have been consolidating after last week’s decline. While the cryptocurrencies seem resilient at their current levels, the prevailing downtrends are still intact. Let’s take a look a...
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Bitcoin in Bearish Continuation after the FOMC Event Bitcoin is continuing a downtrend that accelerated this week. The 4H chart shows a market that has been sliding, holding below the 200-,...
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Bitcoin price (BTCUSD) started the week at about 480. It has been falling sharply, and as we get started with the 4/18 US session, bitcoin is trading around 440. It...
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Bitcoin remains bearish as we can see on the 4H chart. – The 200-, 100-, and 50-period simple moving averages (SMAs) are sloping down, in bearish alignment, and price is...
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Bitcoin (BTCUSD) Bitcoin was a bit choppy this week. After falling below last week’s consolidation low of 470, bitcoin found support at 456 and rallied back above some key resistance...
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Bitcoin Reverses after Breakout Bitcoin started the week with a bearish breakout, falling below last week’s low of 470, and thus opening up a bearish outlook toward the August-low of...
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Litecoin is forming a descending triangle above last week’s inverted head and shoulders pattern. The 1H chart shows price holding support at 4.85, while the highs are declining. As we...
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Inverted Head and Shoulders Complete: During 9/3 and 9/4 session, litecoin was building an inverted head and shoulders pattern, which indicated that price was looking for a bottom. During the...
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In November last year, CheapAir became the first airline to allow the use of Bitcoin to do their bookings and thereafter their travellers got the opportunity to also use the...