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Bitcoin Ready To Decline Again

Bitcoin Ready To Decline Again

| JefeCaan

Bitcoin is ready to decline again. We have seen the price fill the CME gap left over the weekend. Now, it is all set to begin the next downtrend. This would have to be in sync with a decline in oil and the stock market. So far, oil is stalling a decl...

Bitcoin Cannot Stall The Next Decline For Long

Bitcoin Cannot Stall The Next Decline For Long

| JefeCaan

Bitcoin made a false break out after misleading traders into thinking it was headed lower. A lot of bearish positions were liquidated as the price pumped higher triggering a short squeeze. This was in sync with a big pump in the price of oil amid spe...

Bitcoin Massive Bear Flag Spells Trouble

Bitcoin Massive Bear Flag Spells Trouble

| JefeCaan

Bitcoin is printing a massive bear flag. Even though the price has now shot past $7k, it is very likely to be temporary as global economic conditions are extremely bearish and point to a massive decline in the stock market in the near future. So far,...

Bitcoin Ready To Break Below 61.8% Fib Retracement?

Bitcoin Ready To Break Below 61.8% Fib Retracement?

| JefeCaan

Is Bitcoin ready to break below the 61.8% fib retracement level? In my opinion it is not a question of if BTC/USD is going to do that or not but when it is going to do it. For now, 7.7k remains on the table and therefore we cannot discount the possib...

Bitcoin: Patience Is Key

Bitcoin: Patience Is Key

| JefeCaan

It is very tempting to enter a trade right now but the next few days are likely to be boring from a trading standpoint. As I mentioned the day before yesterday, we are going to see sideways movement for a while now before that next major decline kick...

Ripple (XRP) Outperforming Bitcoin (BTC)

Ripple (XRP) Outperforming Bitcoin (BTC)

| SallyHo

In this Daily chart of Ripple / Bitcoin (XRP/ BTC), there is an appreciating range from 0.00002376 to 0.00002714. We  observe that the market then depreciated to the 0.00002570 level (identified by the blue up arrow), right around the 0.000...

RCN Advances Against Bitcoin (RCN/BTC) - Weekly

RCN Advances Against Bitcoin (RCN/BTC) - Weekly

| SallyHo

In this Weekly chart of Ripio Credit Network / Bitcoin (RCN/ BTC), we can observe an appreciating range from 0.00000495 to 0.00000950. We can observe that the market then depreciated to the 0.00000571 level (identified by the blue up arrow), ju...

Bitcoin Can Still Test $7k Again But Downtrend Remains Intact

Bitcoin Can Still Test $7k Again But Downtrend Remains Intact

| JefeCaan

Bitcoin has been trading up and down in a confusing manner these past 24 hours. A lot of traders have been entering and exiting trades because there is no clear direction. The way things stand, we could either see a sharp decline to the bottom of the...

Ripple Bear Flag Or Golden Cross

Ripple Bear Flag Or Golden Cross

| JefeCaan

Ripple has just seen a golden cross on the 4H time frame but the price is also trading within a large bear flag. This means that XRP/USD is caught between rock and a hard place. The larger trend remains bearish so there is no reason to assume that th...

Litecoin Consolidates Before A Big Move

Litecoin Consolidates Before A Big Move

| JefeCaan

Litecoin broke the bearish pennant sideways but it has not escaped the correction yet. The most probable scenario is that we will see a big move in the cryptocurrency market this week which would pave the way for the next major decline. The 15 min ch...