Day: April 12, 2020

Here’s What This “Strong Sell Signal” Means for the Crypto Market

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Over the past few days, the prices of crypto assets have slid lower after Bitcoin ended a strong multi-week rally at $7,470, since falling to $6,800 as of the time of this article’s writing. Bears, unfortunately, are expected to push this nascent market lower as a “strong sell signal” was just observed. Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi Explodes Crypto Market To See Downside Continuation, Key Signal Confirms Sharing the below chart, a popular crypto trader indicated that Bitcoin is likely on the verge of…

Here’s What This “Strong Sell Signal” Means for the Crypto Market

boss

Over the past few days, the prices of crypto assets have slid lower after Bitcoin ended a strong multi-week rally at $7,470, since falling to $6,800 as of the time of this article’s writing. Bears, unfortunately, are expected to push this nascent market lower as a “strong sell signal” was just observed. Related Reading: Crypto Tidbits: Bitcoin Loses $7k, Blockchain Layoffs, Ethereum DeFi Explodes Crypto Market To See Downside Continuation, Key Signal Confirms Sharing the below chart, a popular crypto trader indicated that Bitcoin is likely on the verge of…

ETHEREUM $190 OLABİLİR Mİ?

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bu videoyu izlediğiniz için teşekkürler. Bu videoyu paylaşarak bana destek olabilirsiniz. 🗣️ Deneme Sürümü: ✅ Sinyal İndikatörleri Erişim: … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Chinese Blockchain Investment on the Rise, but Comparison to US Is Apples to Oranges

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China is rapidly catching up to the United States with regard to blockchain-related investments, according to a recent report put together by New York-based research firm CB Insights. The researchers found that the East Asian country accounted for 22% of blockchain investments in 2019, compared to 31% for the U.S. This represents a significant improvement for China when compared to 2015, when it had a meager 2% while the U.S. was getting 51% of total funding. Headlined by the trade dispute of 2019, competition between the U.S. and China has…

Ethereum Is Still In Larger Uptrend Above $145: Here’s Why

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Ethereum is down more than 10% from the $175 monthly high against the US Dollar and bitcoin. ETH price is still in a larger uptrend as long as it is above the $145 support. ETH price started a fresh decline after it failed to surpass $175 and $180 against the US Dollar. There was a break below the $162 support, but the price is still above the 100 simple moving average (4-hours). There is a key connecting bullish trend line forming with support near $155 on the 4-hours chart of…

Bitcoin Price in Danger of Dropping Below $6K if Weekly Close Fails

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As the weekend kicked off Bitcoin (BTC) price dropped below $6,900 and at the time of writing the cryptocurrency is struggling to keep hold of $6,800.  Earlier in the week, Cointelegraph contributor Michael van de Poppe suggested that $6,900 was a crucial level for Bitcoin to hold and dropping below this level could kick start a trend reversal.  Van de Poppe explained:  “The last support area for bulls is in the $6,750-6,800 area. The first sign of weakness was losing the yearly and monthly level at $7,200. However, losing the…

#KCN: HIVE Blockchain expands its capabilities

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Mining company HIVE Blockchain Technologies Ltd. expands its capabilities thanks acquire a dedicated cryptocurrency mining operation with access to 30 … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Huobi Korea Delists XMR Amid Nth Room Sexual Exploitation Case Rumors

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Huobi Korea announced on April 8 that they would be ending support for Monero (XMR) trading starting on April 9, 2020. They stated that this was due to “low trading volumes and anonymity functions”. They did not, however, reference the recent Nth room case, in which South Korean media has speculated the exploitation ring used XMR to complete anonymous transactions. According to the South Korean newspaper, Sisa Journal, headlines covering the sexual exploitation case remained rampant in the country, with many news outlets suggesting that Monero has been used for…

Bitcoin Trading Near Crucial Juncture, Can 100 SMA Produce New Rally?

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Bitcoin is down more than 5% from the $7,470 swing high against the US Dollar. BTC is now trading near a crucial support at $6,700 and the 100 SMA (H4). Bitcoin started a fresh decline from the $7,470 monthly high and traded below $7,000. There is a crucial support forming above $6,700 and the 100 simple moving average (4-hours). There was a break below a major bullish trend line with support at $7,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could start a…