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Bitcoin, Oil, Gold, Apple and Dow Jones, Who is the Strongest of Them All?

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  • Vadique Magenta
    📈 Price Predictions

    The nature of the origin of the trend determines the entire fate of the asset, as well as the development of the fetus in the womb in many ways determines human health.

Bitcoin, Oil, Gold, Apple and Dow Jones, Who is the Strongest of Them All?
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

I have been working in the technical analysis field many years and I know the importance of the trends, particularly their pivot points, that form at the very beginning of trading history. If the price is above the basic line, then it can return to long-term growth even after a huge drop.

We can say that the nature of the origin of the trend determines the entire fate of the asset, as well as the development of the fetus in the womb in many ways determines human health.

That is why I went back to the very origins, neatly marked out the four financial assets, including Gold, oil, Apple stocks and, of course, Bitcoin, as well as the Dow Jones Index to analyze the early stages of trend development and determine their impact on the current market situation.

Top 5 assets

The weakest is oil. Oil’s only ridge was broken on the second blow and since then the asset has no chance to grow and will likely remain on the bottom.

In fourth place is Gold, where the bottom of the trend is not in danger and its support looks only temporarily broken.

2

Third place is the Dow Jones Index, which drifted far from its foundations and is looking very strong in the global perspective.

3

Second place goes to Apple, where there is a total of three core support levels and none of them were affected throughout its whole existence.

4

And the first place goes to Bitcoin that has four support levels and none of them have been broken. Moreover, the fourth and weakest of them has already been tested and has proved its importance.

5

Bitcoin has strongest support

From this small research I come to the conclusion that the character of the origin of the trend does in fact determine the fate of the asset.

For example we can follow how weaknesses in Oil’s origins have affected the future. It can also be confirmed that among all assets Bitcoin has the largest amount of support that formed in the early stages and will support further growth throughout its existence.

Be sure to independently assess the market situation yourself. This review is not a direct recommendation on investments and speculative activity.
Wishing you successful trading!

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About the author

Vadique Magenta is a financial analyst with experience in cryptocurrency trading.

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Ripple Once Again Tries to Toss Class-Action Lawsuit, Insists XRP Is Not a Security

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    Ripple makes a final push to dismiss the damning class-action lawsuit ahead of a court hearing that is scheduled for January 2020

Ripple Once Again Tries to Toss Class-Action Lawsuit, Insists XRP Is Not a Security
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Ripple has once once again asked a federal court to dismiss the pending class-action lawsuit over selling illegal securities, a new court filing shows.

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The company reiterates the same "statue of repose" argument, which means that the plaintiffs failed to meet a legal deadline for filing the suit. Ripple started selling XRP to retail investors back in 2013, which means that it was way too late to bring legal actions against it back in summer 2018 after a bar to a lawsuit was imposed in 2016.    

The blockchain behemoth also continues to insist that XRP is not a security, but it called this issue "irrelevant" to their latest motion, which is why it didn't address this point in-depth. It's not the first time that Ripple tries to dodge the big question that is the cornerstone of the long-lasting legal battle. 

"XRP is not a security, but that is irrelevant for purposes of this motion. Even if XRP were a security, Plaintiff's claims still fail as a matter of law,” the filing said.   

Ripple's previous attempt to throw the suit out of the court didn't bode well. As reported by U.Today, Bradley Sostack, the leading plaintiff in the ongoing case, believes that the defendants are still liable for selling illegal securities. The parties are expected to duke it out in court in January 2020.  

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XRP's status as a security remains a point of contention within the cryptocurrency industry. Crypto influencer BitLord recently slammed Ripple for dumping their native tokens on investors to acquire businesses.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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