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ETH/BTC and ETC/BTC Price Analysis: Pay Attention to the Signals Here

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ETH/BTC
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While crypto-focused technical analysts often spend the majority of their time on individual cryptocurrencies with charts priced in dollars, some of the best technical setups and opportunities are often found in key pairs.

Today, we’re going to focus on the technical pictures for ETH/BTC and ETC/BTC, which should give us an idea of relative strength among major large-cap coins as well as allow for detection of buy and sell signals in these important pairs.

ETH/BTC

Price Analysis

  • High: 0.046336
  • Low: 0.044795
  • 24-Hour Volume: 7.188K
  • MACD Signal: Sell

ETH/BTC is the classic pairing, pitting the two arguably most important coins against one another.

The story here really depends upon your time frame. Looking over the longer time frame – going back 18 months to two years – shows us clear outperformance for those long this pairing.

However, over the past two months, the relative picture has been moving sharply in the opposite direction, with the chart for the ETH/BTC pairing breaking sharply underneath its major moving averages to take out its late March and early April lows.

The 14-day RSI indicator is now down printing in the teens showing a severe oversold state. But, as they say, “the trend is your friend”, even if this particular trend has hardly been friendly for those holding exposure long ETH/BTC.

ETC/BTC

Price Analysis

  • High: 0.002004
  • Low: 0.0019062
  • 24-Hour Volume: 50.871K
  • MACD Signal: Sell

ETC/BTC has been extraordinarily steady in maintaining a tight trading range going all the way back to October 2017.

However, given the fact that ETC is now more readily tradable in fiat currency terms based on growing acceptance among exchanges, we may be about to see this change.

At this point, the ETC/BTC pair has been holding support in its trading range just underneath the 0.002 level, which has acted like a shelf of support for the majority of 2018.

If the widespread assumption about Bitcoin needing to lead the way higher for the cryptocurrency complex as a whole turns out to be on target, then ETC/BTC may well be about to retest its late 2017 lows now that it has broken solidly beneath all of its major moving averages over the past 10 days.

Happy Trading~

To trade cryptocurrencies, sign up with BitMex or Binance!

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. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of tradingview.com

Bitcoin

Trusted Crypto Tumbler To Protect Your Wealth

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Back when Bitcoin originally emerged, over 11 years ago at this point, cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth.

Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues.

However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist.

In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers Continue Reading

Bitcoin

5 Best Places to Bet with Bitcoin

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places to bet with Bitcoin
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It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

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Bitcoin

Bitplaza Inc Introducing Cryptocurrency to Retail

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BitPlaza
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Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the…

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