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Crypto

Ahead of the crypto session.

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BTC is currently showing no signs of letting go and looks very healthy based on the current breakout. Considering the halvening dates from historical data, opinions are that this bull run should explode compared to the last major cycles.

It seems a bull run parabolic run has advanced with quicker pace.

This is obviously speculation, but for most part it has been pretty consistent. Bitcoin ( BTCUSD ) is in 4th wave correction as complex WXY complex correction, where price is in a ABC zigzag down wave. So it is possible to wait till it is finished then go long for 5th wave cycle.

Ethereum ( ETH/USD ) is in a 4th wave correction as a triangle or WXY complex correction. It is may be advisable to wait for it to be finished then go long 5th wave cycle. This may be a good buy set up as price is consolidating in an upper zone after big run in the 2 hours time frame.

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Crypto

Bullish momentum for Bitcoin.

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Bitcoin price gained bullish momentum above the USD 52,500 resistance level. BTC even cleared the USD 53,251 resistance and it is currently  showing positive signs. If the bulls remain in action, there could be a steady rise towards USD 55,100.

Similarly, most major altcoins are extending gains. ETH gained traction and it even tested the USD 2,510 zone. XRP/USD broke the USD 1.157 resistance and it might continue higher

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Crypto

XRP up 100% in a week.

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As organized pumping and dumping efforts continue to spread, the cost of XRP has multiplied in the previous two days, while other as of late siphoned coins have just smashed from their new highs in twofold digits.

On Saturday, XRP was exchanging at USD 0.281 before the convention strengthened and pushed the cost to USD 0.59 by Monday morning . A the hour of composing, the cost is up by 42% in a day and 113% in seven days. It bounced by 145% in a month and 144% in a year.

Additionally, XRP is back as the third biggest cryptoasset by market capitalization, after it slammed because of an administrative crackdown in the US.

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Crypto

Correction is the order of the day for cryptos.

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Bitcoin price is correcting gains from $ 40,500. The previous breakout zone near $ 36,550 could act as a strong support. As long as BTC is above $ 36,550, it might start a fresh increase towards the $ 40,500 level.

Many altcoins climbed over 8%, including VGX, IOST, DOT, CRV, BTCB, ATOM, HED, NEXO, LINK, and ABBC. Out of these, IOST started a strong increase after it broke the $ 0.021 resistance.

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