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Cryptocurrencies

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Technical Analysis – BTCUSD set for more gains as bulls take the lead

Posted on December 18, 2017 at 1:32 pm GMT

BTCUSD climbed to another all-time high during the Asian trade on Monday and hit the 19,383.50 level. The strong up-move happened after a break out of a narrow range of 15,038 – 17,496, shifting the bias to bullish. It is worth mentioning that bitcoin opened with a gap to the upside during today’s trading session but later pared some of the gains, creating a correction to the downside. Short-term trend signals on the 1-hour chart (50 and 100-period simple moving averages) are bullishly aligned as the 50-SMA posted a bullish crossover with the [..]

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Cryptocurrency News – Are Ethereum futures on their way?

Posted on December 15, 2017 at 4:09 pm GMT

Ethereum (ETH) prices briefly topped the $753 territory on Thursday before retreating somewhat, marking yet another all-time high for the world’s second largest cryptocurrency by market capitalization. At the time of writing, ETH is trading near the $680 handle, which marks a 58% surge since Monday. What has been driving this astonishing rally, and is it likely to continue still? The latest spike in prices can be attributed to a variety of factors, but probably none more important than the [..]

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Cryptocurrency News – Bitcoin surges after futures launch; continues to defy gravity

Posted on December 14, 2017 at 9:31 am GMT

Bitcoin prices briefly touched the $17,428 level on Tuesday, marking yet another fresh all-time high for the cryptocurrency, following the launch of the first bitcoin futures contract on the Chicago Board Options Exchange (CBOE) this week. The launch was widely seen as a major step towards making Bitcoin – and cryptocurrencies in general – more legitimate as an asset class. Moreover, the move comes just one week ahead of the CME Group launching its own Bitcoin futures, while rumors suggest [..]

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Technical Analysis – BTCUSD has more room to rise; hit another all-time high in December

Posted on December 13, 2017 at 1:51 pm GMT

BTCUSD is extending its gains with an aggressive bullish move and is creating the third straight green month. The price has soared more than 173% since October and every single month is printing a new all-time high. On the medium-term timeframe, the bitcoin is currently trading lower and the technical indicators seem to be in confusion. The MACD oscillator is accelerating, confirming the recent sharp buying interest on price. However, the RSI indicator is slightly dropping in the overbought area, approaching the [..]

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Technical Analysis – ETHUSD is strengthening its bullish momentum

Posted on December 13, 2017 at 1:49 pm GMT

ETHUSD is has been edging sharply higher since October and added 98% to its performance. Ether launched in 2015 and surged more than 8,000% since the start of 2017. During this month, the price recorded another all-time high at $687.41 but lost some momentum and is currently developing near the $687.00 price level, and especially over the last three trading days the price is accelerating aggressively. Using Fibonacci extension level, the next handle to have in mind is the 261.8% level, $725.72 resistance, of the last big retracement [..]

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