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Bitcoin Ethereum Roundup: Bitcoin Deja Vu

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As we start Monday, September 17th, it certainly feels like deja vu for me. We keep seeing the same Bitcoin price of 6100 to 6500 that we have seen all year. This is where Bitcoin has spent the majority of 2018. While some are disappointed, I look at as a positive. Bitcoin has been able to retain value and a floor looks to have been established. The shorts had the opportunity to push the price down when Ethereum was under $180 and Bitcoin held its own. Furthermore, talking to guys on the OTC desks and the feedback that I am getting is that there are a lot of shorts covering around the 6100 level and many buyers come out of the woodwork.

Looking at the Daily Chart (I post the BitMex price because that’s where I trade to take advantage of leverage opportunities) and you will see the wedge getting tighter. We are going to see a breakout one way or another. While I think it will be to the upside, we cannot rule out the downside, especially when I look at the 4-hour chart.

My only concern right now is time. If you look at the 4-hour chart, we’ve been hovering near resistance of 6500 for quite a while. We’ve had 2 momentary selloffs where the stops were run. Lows of 6350 and 6330 came into play. What I am looking at on the downside is the 6100 double bottom on the 4-hour chart. If we take the 6100 out, the downside can get pretty aggressive and we might see fresh lows for the year.

Ethereum

Ethereum has had a nice bounce off the lows and has run into resistance at 230. At the time of this writing, Ethereum is trading at 215. As long as we hold above 200, we should be alright. The market consolidating above 200 is a positive and believe we have seen the lows. I could be wrong, but I have wagered accordingly and I’m long Ethereum.

As you can see from the 4-hour chart above, the market is straddling the 220 level in much the same way that Bitcoin is straddling the 6500 level. The market is consolidating and there is a lack of momentum from the bulls or the bears to press prices.

When there is a lack of momentum, I call this the neutral zone. If one doesn’t already have a position, best off staying on the sidelines. Let the market find it’s direction and then jump on it.

Bottom line

I just want to stress that no one truly knows where crypto prices are heading. Price predictions are just hot air and noise. Ignore it! Focus on the market and the price. While I am do believe the lows are in and we are above those lows, that doesn’t mean I will be correct. The market can turn on a dime and we could be plunging. If that happens, I will be stopped out and look to possibly go short or I will wait and look to buy at lower prices. I have to watch the market and that will determine my next moves. Right now, I am long but nervous. Stops are in place. Trade accordingly.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. This author is long Bitcoin and Ethereum. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

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The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

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