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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Feb 25, 2020 2:52 pm

BTC AND XRP – DOWNSIDE EXPECTED AS SIGNIFICANT SUPPORT HAS BEEN BREACHED

Image

BTC/USD
From yesterday’s open when the price of Bitcoin was sitting at $9988.8 which was it’s highest point, we have seen a decrease of 4.71% as the price came down to $9518 at it’s lowest point today. Currently, the price is hovering around those levels and is sitting slightly higher at around $9564.

Image

Looking at the hourly chart, we can see that the price has broken out from the ascending support level, significant uptrend support from the ascending channel in which the price has been since December last year. On the 18th of December, the price has been sitting at $6544 and from there to its highest point this year at $10490 made on the 13th of February made an increase of 60%.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Feb 27, 2020 2:08 pm

LTC AND EOS – LOWER LOW EXPECTED

LTC/USD

On Monday’s open the price of Litecoin was sitting at around $80 which was the exact ending point of the recovery to the upside as from there the price decreased in an impulsive manner to $57.58 at it’s lowest point today which is a 28.1% depreciation.

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As you can see from looking at the hourly chart, Monday’s open was at the presumed B wave from the ABC correction that started after an interaction with the $84.2 horizontal level on the 13th of February. We have seen the completion of the five-wave impulse to the upside which is now we are seeing the three-wave correction to the downside.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Mar 03, 2020 4:47 pm

BTC AND XRP – HAS THE CORRECTION ENDED?

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BTC/USD

From Sunday when the price of Bitcoin retested the $8506 level and found support there we have seen an increase of 5.8% measured to its highest point yesterday at $8963. Currently, the price is being traded slightly lower after a minor retracement and is now in an upward trajectory, sitting at $8889.

Image

On the hourly chart, you can see that the price increase was straight up and that this downside move made since yesterday’s high was its first corrective move. Thus, we might see a further decline before further uptrend continuation occurs. The descending move would serve to retest some of the prior resistance levels for support especially the horizontal one of a lower range at around $8682 where the previous higher low ended.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Mar 05, 2020 1:30 pm

LTC AND EOS – BULLISHNESS SEEN BUT FOR HOW LONG?

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LTC/USD

From yesterday’s low at $59.3 the price of Litecoin has increased by 6.58% today measured to the daily high at $63.24 around which the price is currently being traded. Bullish momentum has been caught with the price being in an upward trajectory but is now retesting the current levels for resistance.

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Looking at the hourly chart, you can see that yesterday’s low was an interaction with the 0.236 Fibonacci level on which the price found support and bounce off of it but has now come up to the starting Fib level where it is finding resistance. As you can see the price made it past the horizontal level but that doesn’t mean that we have seen a breakout to the upper range as the increase has been stopped out.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Mar 10, 2020 4:30 pm

BTC AND XRP – CORRECTION LIKELY ENDED

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BTC/USD

Yesterday the price of Bitcoin reached $7709 at it’s lowest point coming from $9166 high made on Saturday which is a decrease of 15.9% in only two days. Since yesterday’s low, we have seen a minor recovery with the price currently sitting at around $8100 level. This 5.3% increase from yesterday might continue as the price is in an upward trajectory and came above the significant horizontal zone.

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Looking at the hourly chart, we can see that this descending move was caused by rejection at the 1 Fibonacci level of a higher degree count which was actually the ending point of the first corrective move made in June last year after the parabolic increase which developed throughout the first half of the year ended. Thus this was the 4th wave out of the lower degree five-wave impulse to the downside which is the C wave of a Minute count.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Mar 12, 2020 3:07 pm

LTC AND EOS – LOST OVER 35% IN A DAY BUT A RECOVERY SOON EXPECTED

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LTC/USD

On today’s open the price of Litecoin has been sitting at $49.139 but fell from there to $31.584 at it’s lowest point today which is a decrease of 35.72%. As the price is still in a downward trajectory further lows could be seen by the end of today’s trading session.

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On the hourly chart, we can see that the price continued moving to the downside after an attempt to recover but it only ended as another ABC correction of a lower degree to the upside. The downfall that developed was presumed to be the ending wave but this is was invalidated by the downfall made from the 7th till the 9th of March and now confirmed by the impulsive drop.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Mar 17, 2020 2:26 pm

BTC AND XRP – CORRECTIVE RECOVERY EXPECTED

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BTC/USD
From yesterday’s low at $4472 the price of Bitcoin has increased by 21.5% as it came up to $5435 at it’s highest point today. The price is currently being traded slightly below those levels as it encountered horizontal resistance but is still in an upward trajectory overall.

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On the hourly chart, you can see that the price of Bitcoin has been looking for support at the descending trendline (bold black line) which is the support baseline from the first corrective decrease in June last year. As this level got retested and the price didn’t go below it on an impulsive decrease and again attempted a breakout but failed we can say that the price found support there.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Fri Apr 03, 2020 3:55 pm

LTC AND EOS – BREAKOUT SEEN BUT MOMENTUM SLOWING DOWN

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LTC/USD

The price of Litecoin has increased by almost 7% today, coming from yesterday’s low at $37.55 to $40.168 on today’s high. It is being traded at $39.44 at the moment with the momentum slowing down and is in the downward trajectory.

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On the hourly chart, you can see that the price came up to the 0.236 Fibonacci level where it found resistance and is why we have seen a minor retracement. Previous to this the price increased exponentially and broke out from the descending trendline from the unconfirmed symmetrical triangle which could be interpreted as a bullish sign.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 07, 2020 2:31 pm

BTC AND XRP – INCREASE SEEN BUT RESISTANCE CLOSE

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BTC/USD

From yesterday’s open at $6766 the price of Bitcoin has increased slightly more than 10% as it came up to $7453 at it’s highest spike today. We have seen the continuation of the bullish momentum that started since the beginning of the month with the price currently experiencing resistance.

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As you can see from the 4-hour chart, the increase has been stopped out at a significant horizontal level at $7413 which the next one in line to the upside after a broken $6914. Considering that we have seen a five-wave move since the 30th of March and that the price is retesting the significant resistance level we are likely to see a retracement now, especially considering that the ascending channel’s resistance level also matches the horizontal one creating a significant resistance point.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Apr 09, 2020 9:07 pm

LTC AND EOS – BREAKOUT EXPECTED

LTC/USD

Since Monday’s open at $40.22 the price of Litecoin has been increasing and reached it’s highest point on the next day which was at $47.22 and is an increase of 17.51%. Yesterday after a minor retracement the price came back to retest the weekly high and found resistance there but is now again being traded around those levels.

Image
On the hourly chart, you can see that the price action made an ascending triangle with its support level being steep is indicating strong buyers pressure, but with the sellers defending the horizontal level. A breakout to the upside could be expected in which case the next horizontal level at $49.23 would be of significance but a more different outlook can be seen if the sellers are able to withhold the pressure.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

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Trading Cyptocurrency is a good thing. i lost a lot before I got to where I am today. if you need assistance on how to trade and recover the money you have lost from your Cyptocurrency broker email me to get the new amazing strategy? If you are having problems withdrawing your fund from your Cyptocurrency trade broker even when you were given a bonus, just contact me, i have worked with a Cyptocurrency broker for 3years, i have helped a lot of people and i wont stop until i have helped as many as possible,here is my email flanmustelafu@gmail. com

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 14, 2020 2:08 pm

BTC AND XRP – LOWER LOWS EXPECTED

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BTC/USD

On Sunday the price of Bitcoin has spiked to the upside reaching $7192 at its highest point. Since then we have seen an impulsive decrease below the point from which the previous increase starting with the price coming down to $6625 at it’s lowest point which was a decrease of 7.88% made yesterday. From there we have seen an increase of 4.37% at it’s highest point today as the price came to retest the $6914 horizontal level.

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As the price experienced rejection it was set of in a downward trajectory again and is currently sitting around the levels of the minor horizontal level at $6792. Looking at the wave structure we can see that the first two waves to the downside have been completed after a five-wave move to the upside in an ascending channel ended which is presumed to be the completion of the C wave of a higher degree.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Apr 16, 2020 3:05 pm

LTC AND EOS – MASSIVE SPIKE SEEN BUT COULD STILL BE CORRECTIVE

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LTC/USD

Today the price of Litecoin was $38.31 at it’s lowest point but as it made a quick dip to the downside we have seen buying being activated in a strong momentum. The price reached $44.2 at it’s highest point which was an increase of 15.4% but is now starting to decline and is currently sitting just below $43.4.

Image

On the hourly chart, you can see that the price previously retested the 0.382 Fibonacci level but left a large wick on the hourly candle as it immediately started increasing from there. A breakout from the descending channels with a higher high being made to the vicinity of the once before it. As we have seen a corrective structure in a descending channel the breakout made could be the uptrend continuation of the five-wave increase of a higher degree.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 21, 2020 5:05 pm

BTC AND XRP – LOWER LOW EXPECTED

BTC/USD

On Sunday the price of Bitcoin was sitting at $7288 at its highest point from where it started decreasing in a five-wave manner. Yesterday we have seen a slight recovery but after it’s a completion at $7218 the price started impulsively decreasing falling to $6777 at it’s lowest point yesterday. Since then another minor recovery has been seen with the price currently being traded at $6861.

Image

On the hourly chart, you can see that the price fell below the significant horizontal support at $6914 and has retested it today, finding resistance there. This rejection would most likely push the price to continue moving for another lower low, especially considering that from Sunday’s high we have seen a 4 wave’s developing and is likely to ends as a five-wave decrease.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Apr 23, 2020 3:28 pm

LTC AND EOS – INCREASE SEEN BUT FOR HOW LONG?

LTC/USD

Since the start of the week, the price of Litecoin has increased by 6.78% coming from Monday’s low at $39.613 to $42.3 at it’s highest point today. From there we have seen a decrease of 3% but a slight recovery after with the price currently being traded at $41.37.

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Looking at the hourly chart, you can see that the price of Litecoin came up above the $41.7 horizontal level and interacted with the symmetrical triangle’s resistance level where it got rejected. This pushed the price below the horizontal level and into a lower range but the price found support on the upper ascending support level which is why we are seeing minor bullish price action.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Apr 28, 2020 2:14 pm

BTC AND XRP – ASCENDING CHANNEL NEAR A BREAKOUT

BTC/USD

From last Tuesday when the price of Bitcoin was sitting at $6768 on it’s lowest point we have seen an impulsive increase leading the price for a 14.95% increase measured to it’s highest point today which was at $7780 so far.

Image

On the hourly chart, you can see that the price increased in a parabolic manner last week spiking above the $7400 area which was considered a significant horizontal resistance which was the highest point the price has been since the 7th of April. This spike was stooped out at the next minor horizontal range around $7600 but the price managed to go above this area as well.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Apr 30, 2020 2:34 pm

LTC AND EOS – PARABOLIC INCREASE COULD END SHORTLY

LTC/USD

From last Thursday when the price of Litecoin was sitting at $41 we have seen an increase of 23.42% measured to its highest point today at $50.63. The price is being traded slightly lower and is still in an upward trajectory.

Image

Looking at the hourly chart, we can see that the increase was made in a parabolic manner from Tuesday, breaking well above some key resistance point with strong bullish momentum. We have seen the formation of the five-wave structure from the 21st of April which is making this parabolic increase it’s ending wave. There is still more room to go but the price has come to the vicinity of the previous downside move cluster resistance is starting to encounter the next halt.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue May 05, 2020 3:08 pm

BTC AND XRP – CORRECTION DEVELOPING

BTC/USD

From last Monday when the price of Bitcoin was sitting on $7580 at it’s lowest point we have seen an increase of 24.61% as it came to $9445 on Thursday. Since then we have seen the price in a retracement which was further developed as a sideways range. Yesterday the price came down close to the vicinity of the prior low and to $8523 at it’s lowest from where we have seen another increase of around 7% coming to $9128 but is currently being traded at around $9000.

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Looking at the hourly chart, we can see that from last week’s high the price has started forming a triangle in which it was bouncing with the current upside move coming again to its resistance level. As the previous downside move started to break its support level the current upside one could start to break it’s resistance one before another retracement occurs.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu May 07, 2020 9:04 pm

LTC AND EOS IN A DESCENDING RANGE

LTC/USD

From last Thursday when the price of Litecoin was sitting at it’s highest at around $50.57 we have seen a decrease of 11.42% as it came down to $44.86 at its lowest point today. Since then we have seen a slight increase with the price currently being traded at around $45.89.

Image

Looking at the hourly chart, you can see that the price came down in a descending channel that started forming since last Thursdays high and interacted with its support level today where it found support once again. As the price bounced from the support level we could have seen the completion of the correction with the price now starting another wave to the upside.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue May 12, 2020 4:07 pm

BTC AND XRP – MAJOR PRICE DECREASES, BUT RECOVERY ON THE HORIZON

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BTC/USD

From last week on Friday when the price of Bitcoin was sitting slightly above $10000 we have seen a decrease of 18.16% measured to the lowest price has been which is at $8195 made yesterday. Since then we have seen another attempt of a recovery as the price has started to increase again but is struggling to get past the $8732 level.

Image

Looking at the hourly chart, you can see that this decrease from last week’s high was made in a five-wave manner with yesterday’s low presumed to be its ending point. This is why the current upside move is considered the be the A wave from the now developing ABC to the upside which is corrective in nature and could bring the price back to the $9000 area where it will retest the broken support levels, both horizontal and ascending one.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

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If you are interested in derivatives, check out https://t.me/mycoinstory_EN
They have tons of info about BTC derivatives.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu May 14, 2020 2:06 pm

LTC AND EOS – RECOVERY EXPECTED TO CONTINUE

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LTC/USD

From last Saturday when the price of Litecoin was sitting on its highest at around $49.23 we have seen a decrease of 20.32% measured to the lowest point the price has been at $39.23 made on Monday. Since the start of the week, recovery has started with the price reaching $43.75 at it’s highest yesterday but is currently being traded slightly lower and still above the $43 mark.

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Looking at the hourly chart, you can see that the price is still in an upward trajectory but is struggling to keep up the bullish momentum above the $43 level as it reached the horizontal resistance from the upper range. Before this recovery, we have seen a sharp decrease as a breakout from the descending channel in which it was since the 29th of May. This descending channel was most likely the first corrective wave out of the next move to the downside as the 5th wave from the upward impulse ended on the 30th.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue May 19, 2020 7:44 pm

BTC AND XRP – FURTHER INCREASE EXPECTED

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BTC/USD

From last Monday when the price of Bitcoin was sitting on $8197 at it’s lowest level we have seen an increase of 21% measured to the highest point the price has been this Monday which is at $9926. Since then we have seen a minor retracement before another spike to the prior high with the price currently being traded at $9859.

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Looking at the hourly chart, you can see that the price of Bitcoin made a retest of the horizontal resistance zone around $9800 area but has now managed to come above it. It hasn’t made past the highest point in May but we could see further price appreciation above it if the price manages to stay above the level and finds support here.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu May 21, 2020 4:20 pm

LTC AND EOS – ASCENDING TREND LINES BROKEN, DOWNSIDE EXPECTED

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LTC/USD

From last week’s low at $41.72 made on Friday the price of Litecoin has increased by 11.71% measured to the highest point on Monday which was at $46.61. Since then we have seen a decrease of 7.78% as the price fell to $43 area yesterday but made a minor recovery and is currently being traded around $43.6.

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On the hourly chart, you can see that the price broke down the ascending trendline which formed since the 11th of May when the price was sitting at its lowest after a steep downfall. This trendline indicated that the recovery seen is out of the same degree and was most likely an ABC to the upside. The breakout could be an early indication that the correctional upside movement has ended with the price now starting another move to the downside.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue May 26, 2020 6:56 pm

BTC AND XRP – HAS THE DOWNTURN STARTED?

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BTC/USD

From last Monday when the price of Bitcoin was sitting at $9925 at its highest point we have seen a decrease of 12.61% measured to yesterday’s low which is the lowest point of the week so far and was at $8673. Since then we have seen a slight increase with the price currently being traded at $8897.

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Looking at the hourly chart, we can see that last Monday’s high was an interaction with the horizontal resistance zone where the price got rejected a couple of times as it made an attempt to break out to the upside but the sellers’ pressure was too strong and repealed the price. The downward trajectory hasn’t still led the price below the prior low but this might change shortly as we have likely seen the completion of the corrective upward movement.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu May 28, 2020 6:08 pm

LTC AND EOS – SLIGHT INCREASE BEFORE FURTHER DOWNTREND CONTINUATION EXPECTED

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LTC/USD

From last week’s high made on Monday when the price of Litecoin was sitting at $45.88, we have seen a decrease to the significant horizontal support level at $41.71 where it found support and consequently made a bounce from it and came to the $44.6. Since then we have seen another two retests of the mentioned horizontal level finding support there both times and is now again in the upward trajectory but still lower then on the first bounce.

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As you can see by looking at the hourly chart the price is close to the vicinity of the prior high and is expected to continue moving exactly to it as a retest of those levels. The first bounce after a test of the horizontal support is considered to be the A wave from the upward ABC correction that started developing as the 2nd wave of the lower degree from the descending higher degree one.

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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Jun 02, 2020 2:52 pm

BTC AND XRP – MORE UPSIDE EXPECTED

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BTC/USD

From yesterday’s open when the price of Bitcoin was sitting at $9402, we have seen an increase of 10.44% measured to the highest point the price has been today which is at $10383. Since then we have seen a minor retracement with the price currently being traded at $10137.

Image

As you can see by looking at the hourly chart, the previous count has been invalidated as the price spiked above the May’s high previously presumed to be the ending point of the X wave of a higher degree. After it’s completion we have seen an impulsive move which was labeled as the 1st wave out of the starting impulse to the downside but now as the price got above the presumed starting point of the 1st wave we have seen an invalidation.

Continue reading... https://www.fxopen.blog/btc-and-xrp-more-upside-expected/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Thu Jun 04, 2020 4:58 pm

LTC AND EOS – PRICE RECOVERY CONSIDERED CORRECTIVE

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LTC/USD

On Monday the price of Litecoin has continued it’s upward trajectory until reaching $50 mark after a sharp downfall of 11.2% has been made with the price falling down to $44.3 in a matter of hours. Since then a significant recovery has been made with the price making back to $48.1 at its highest point today around which it’s currently being traded.

Continue reading... https://www.fxopen.blog/ltc-and-eos-price-recovery-considered-corrective/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Tue Jun 09, 2020 3:21 pm

BTC AND XRP – SIDEWAYS MOVEMENT SEEN, BUT A BREAKOUT SOON EXPECTED

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BTC/USD

Last Tuesday the price of Bitcoin spiked to $10400 at it’s highest point from where a decrease of 11.6% has been made reaching $9143 at it’s lowest. The price fell sharply to the downside below the starting point of the prior increase after which we have seen a minor recovery to $9859 at its highest point. Since then the price has fell back to the interrupted ascending trendline and made another attempt to break above the significant horizontal resistance zone but the attempt failed for now and is still being traded in a tight range.

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On the hourly chart, you can see that the price of Bitcoin has been moving in an ascending manner from the 11th of May when the first impulsive decrease was made to the $8500 area. This is why an ascending triangle started forming with the price retesting its resistance level on last Tuesday’s high. There are multiple significant levels intersecting at these levels which is why we are seeing this choppy price action because it is retesting them on either side.

Continue reading... https://www.fxopen.blog/btc-and-xrp-sideways-movement-seen-but-a-breakout-soon-expected/
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Re: Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

Fri Jun 12, 2020 2:52 pm

LTC AND EOS – SYMMETRICAL TRIANGLE’S FORMED WITH A BREAKOUT SOON EXPECTED

Image

LTC/USD
From last Thursday when the price of Litecoin was sitting at $48 level we have seen a decrease of 6.43% at first to $44.91 but it started moving to the upside since and continued developing it’s price action in a sideways manner. Currently, the price is being traded at $46.28 and is starting to move to the downside.

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On the hourly chart, you can see that from last Thursday we have seen the formation of the symmetrical triangle when the price was established its outline levels. Today as the resistance level has been tested and the price found resistance there yet again we could be seeing the start of the breakout momentum to the downside. The wave structure implies that we have seen an ABC correction to the upside of a Submicro degree as the second sub-wave of the higher degree ABC count so we could be seeing further sideways movement on the higher time frame as the projected decrease is to be the B wave of the mentioned higher degrees ABC.

Continue reading... https://www.fxopen.blog/ltc-and-eos-symmetrical-triangles-formed-with-a-breakout-soon-expected/
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