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Bitcoin To Break Five Consecutive Months of Losses
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The upcoming ten days are very important for the Bitcoin price, they could change the trend which has been in place for the past five months. Fundamentals are changing and it doesn't matter if JPMCoin is better than Ripple's XRP token.
The bottom line is that fundamentals are shifting positively, and the selling pressure lost its momentum with no substantial backing of volume. This leads me to believe that all that negativity which we have been facing in the industry for the past five months may be coming to an end.
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How Litecoin Prices Doubled This Year
Litecoin prices have climbed sharply this year, producing notable gains as the digital currency benefits from strong fundamentals and favorable market conditions. The cryptocurrency, which is very similar to bitcoin, reached $56.27 today, according to CoinMarketCap.
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At this point, the digital currency was up more than 84% since the start of 2019, having reached its highest level since October, additional CoinMarketCap data reveal.
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Bitcoin net-long traders increased
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Bitcoin: Retail trader data shows 79.7% of traders are net-long with the ratio of traders long to short at 3.93 to 1. The number of traders net-long is 2.3% higher than yesterday and 6.7% higher from last week, while the number of traders net-short is 5.3% lower than yesterday and 4.2% lower from last week.
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Bitcoin Cash Has Nearly Doubled Since Monday
Bitcoin cash has enjoyed some impressive gains this week, but is it simply a matter of this crypto following the original bitcoin higher?
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Bitcoin: Is The Biggest Bull Signal Here?
Bitcoin broke the $5,000 mark on April 2 grabbing the headlines across the globe. For traders, it was mainly about FOMO (Fear Of Missing Out). It is natural to have this kind of feeling especially if one has paid attention to the past performance of Bitcoin. Year-to-date it is up 34 percent. Since 2014, there have been several bull rallies for Bitcoin and each of this was stronger than the previous one.
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For the Bitcoin price, the 50-day Smooth Moving Average (SMA) (shown in pink color on the chart below) and the 100-day SMA (shown in green color) on the daily time frame are really important. The argument is that the crossover of the 50-day and 100-day SMAs is of critical importance. This is because it represents a buy and sell signal. History tells us that when the 50-day moving average crosses above the 100-day moving, it produces a solid buy signal. The last crossover occurred back in April 2016. The exit signal comes when the price drops below the 50-day moving average.
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Litecoin Climbs 16% To Reach Highest Since Mid-May
Litecoin has more than tripled this year. Will it continue to outperform bitcoin?
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Litecoin enjoyed some sharp gains today, pushing higher as the digital currency benefited from tailwinds such as the upcoming halving. At this point, litecoin had surged 16% in 24 hours and was trading at its highest since mid-May. Litecoin, which is very similar to digital sibling bitcoin, rose in value as several other cryptocurrencies experienced notable gains.
The cryptocurrency is scheduled to undergo a halving in August, at which point the mining reward will decrease from 25 LTC to 12.5 LTC.
When this event takes place, the rate at which new litecoin enters the market will reduce by 50%, potentially placing upward pressure on the digital currency's price.
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Crypto Analysis and Crypto S&R
Crypto Analysis - expert for MetaTrader 4
Crypto S&R - expert for MetaTrader 4
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EAs use 2 different time frames and fractals as support & resistance ,has Trailing Stop Loss &Take Profit works with all time frame major forex pairs,Crypto and stocks NASDAQ.
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What Facebook's Cryptocurrency Means
Facebook's cryptocurrency, which it will announce shortly, could be a powerful force for good in developing countries. Facebook will likely pay interest to its users. It's likely to become a powerful force in capital markets, to raise all kinds of regulatory issues, and it also to benefit bitcoin.
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- Facebook’s cryptocurrency will be a powerful force for good in developing countries, which is where Facebook intends to market the product.
- Facebook will pay interest to holders of its cryptocurrency, and this will eventually lead to populist calls to repeal corporate subsidies to banks at the heart of the US banking system.
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