2

Tests lower extreme target


It wasn't long ago that I wrote about the bearish move in Bitcoin and the targets at the 50% and the 61.8%. The 61.8% was also near the low of the range since December 18th.  

Well, the digital currency just took another run lower and in the process made it to the $3500-$3600 lower extreme.  

Sellers remain in control, but the $3500-$3600 area remains a level to get and stay below for the bears to escape the up and recent range.  

The price has bounced modestly off the $3560 low and trades at $3592.

The move from the high to the low today is a -11.77% decline.  

ForexLive

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Thu 10 Jan 2019 15:40:55 GMT

4

Bitcoin buyers give up. Price tumbles lower.

Reverses the gains from Sunday's trading. Back below 100 and 200 hour MAs On Sunday, the price of bitcoin based at the 100 and 200 hour MA and ran higher. That move took the price from $3833 to $4088.  The digital currency on Coinbase, did make it to a higher high on Tuesday - reaching $4114.  

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Bitcoin buyers give up. Price tumbles lower.


//az705044.vo.msecnd.net/20190110/2019-01-10_8-24-45.jpg Greg Michalowski
Thu 10 Jan 2019 15:40:55 GMT
Category: Cryptocurrency
4


Reverses the gains from Sunday's trading. Back below 100 and 200 hour MAs On Sunday, the price of bitcoin based at the 100 and 200 hour MA and ran higher. That move took the price from $3833 to $4088.  The digital currency on Coinbase, did make it to a higher high on Tuesday - reaching $4114.  

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May's Brexit deal defeated in UK parliament with 432-202 votes against
Asset 41
Wed 9 Jan 2019 19:34:27 GMT

3

Bad goes to worse for those in crypto with taxes due

The IRS will be coming after US traders who don't report crypto It was a rough year in crypto currencies as the boom went bust. It will be even worse for US traders who don't report activity to the IRS.

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Bad goes to worse for those in crypto with taxes due


Adam Button
Wed 9 Jan 2019 19:34:27 GMT
Author: Adam Button
Category: Cryptocurrency
3
The IRS will be coming after US traders who don't report crypto It was a rough year in crypto currencies as the boom went bust. It will be even worse for US traders who don't report activity to the IRS.

Asset 24 View More
Wed 9 Jan 2019 15:47:22 GMT

BOE's Carney says crypto not a promising form of money

BOE Governor Mark Carney answers questions in an online Q&A The Q&A with Carney is on the topic of the future of money. . So far he's giving some seriously long-winded answers.

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BOE's Carney says crypto not a promising form of money


//az705044.vo.msecnd.net/20190109/2019-01-09_10-46-46.png Adam Button
Wed 9 Jan 2019 15:47:22 GMT
Author: Adam Button
Category: Cryptocurrency
0
BOE Governor Mark Carney answers questions in an online Q&A The Q&A with Carney is on the topic of the future of money. . So far he's giving some seriously long-winded answers.

Asset 24 View More
Tue 8 Jan 2019 02:30:54 GMT

Coinbase paused movements of funds on blockchain to protect traders

Via Reuters come headline developments on Ethereum and Coinbase: The 'reorganisation' referred to is a euphemism for rewriting the blockchain history, which is not a positive. Its a security risk. Hence to pause on fund movements abd longer confirmation times. 

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Coinbase paused movements of funds on blockchain to protect traders


Eamonn Sheridan
Tue 8 Jan 2019 02:30:54 GMT
Category: Cryptocurrency
0
Via Reuters come headline developments on Ethereum and Coinbase: The 'reorganisation' referred to is a euphemism for rewriting the blockchain history, which is not a positive. Its a security risk. Hence to pause on fund movements abd longer confirmation times. 

Asset 24 View More
Mon 7 Jan 2019 17:48:54 GMT

1

Bitcoin runs to the upside. Back above $4000

Runs from the 100 and 200 hour MA (again). The price of Bitcoin has run higher - despite the doom and gloom comments from ECBs Hannson (e). In reality it may come to fruition but we must remember, it is what HE thinks.   What he thinks does not really matter as he can't move the price $1.  "The market" moves the price, with the "market" consisting of all the buyers and sellers.  When buyers overwhelm sellers, the price goes higher, no matter the "thoughts" of a trader or even an ECB official.  

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Bitcoin runs to the upside. Back above $4000


//az705044.vo.msecnd.net/20190107/2019-01-07_10-09-39.jpg Greg Michalowski
Mon 7 Jan 2019 17:48:54 GMT
Category: Cryptocurrency
1
Runs from the 100 and 200 hour MA (again). The price of Bitcoin has run higher - despite the doom and gloom comments from ECBs Hannson (e). In reality it may come to fruition but we must remember, it is what HE thinks.   What he thinks does not really matter as he can't move the price $1.  "The market" moves the price, with the "market" consisting of all the buyers and sellers.  When buyers overwhelm sellers, the price goes higher, no matter the "thoughts" of a trader or even an ECB official.  

Asset 24 View More
Mon 7 Jan 2019 16:16:51 GMT

2

ECB's Hansson says crypto assets are 'nonsense' and Bitcoin will die

Harsh words European Central Bank Governing Council member Ardo Hansson said crypto assets are 'nonsense' and predicted Bitcoin will die, on a panel discussion in Raga, Latvia.

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ECB's Hansson says crypto assets are 'nonsense' and Bitcoin will die


//az705044.vo.msecnd.net/20190107/bitcoin-d.png Adam Button
Mon 7 Jan 2019 16:16:51 GMT
Author: Adam Button
Category: Cryptocurrency
2
Harsh words European Central Bank Governing Council member Ardo Hansson said crypto assets are 'nonsense' and predicted Bitcoin will die, on a panel discussion in Raga, Latvia.

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Thu 3 Jan 2019 21:13:42 GMT

3

What came first the blockchain or the bitcoin? Happy 10 year birthday Bitcoin

From $0 to $19891 (and back down to $3791.01 today). On that day, no one (or very few) knew what either was, but safe to say, it spawned a whole culture of digital currency enthusiasts who along the way developed not only a brand new currency out of nothing, but also a brand a new language to go with it. 

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What came first the blockchain or the bitcoin? Happy 10 year birthday Bitcoin


//az705044.vo.msecnd.net/20190103/2019-01-03_12-58-31.jpg Greg Michalowski
Thu 3 Jan 2019 21:13:42 GMT
Category: Cryptocurrency
3
From $0 to $19891 (and back down to $3791.01 today). On that day, no one (or very few) knew what either was, but safe to say, it spawned a whole culture of digital currency enthusiasts who along the way developed not only a brand new currency out of nothing, but also a brand a new language to go with it. 

Asset 24 View More
Wed 2 Jan 2019 03:46:58 GMT

3

Reports that Bitcoin exchange HitBTC freezes customers accounts

Cryptocurrency exchange HitBTC is said to have has frozen its customers accounts -  ahead of an annual proof of keys event A 'Proof of Keys' is a movement that requests crypto traders withdraw their funds deposited with a third party service on every January 3rd

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Reports that Bitcoin exchange HitBTC freezes customers accounts


https://az705044.vo.msecnd.net/20180515/bitcoin.png Eamonn Sheridan
Wed 2 Jan 2019 03:46:58 GMT
Category: Cryptocurrency
3
Cryptocurrency exchange HitBTC is said to have has frozen its customers accounts -  ahead of an annual proof of keys event A 'Proof of Keys' is a movement that requests crypto traders withdraw their funds deposited with a third party service on every January 3rd

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Fri 28 Dec 2018 19:42:38 GMT

2

Bitcoin shoots higher and cracks back above MA levels

Rises above 100 and 200 hour MAs at 3763.69 and 3874.56 respectively The price of bitcoin has shot up about $300 over the last few hours after stalling ahead of the 61.8% of the move up from the Dec 18 low.  The move has moved the price back above its 100 and 200 hour MAs. The price moved back below those MAs earlier this week and selling intensified.  Now with the price back above, the bias shifts more to the upside for the digital currency. 

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Bitcoin shoots higher and cracks back above MA levels


//az705044.vo.msecnd.net/20181228/2018-12-28_12-41-18.jpg Greg Michalowski
Fri 28 Dec 2018 19:42:38 GMT
Category: Cryptocurrency
2
Rises above 100 and 200 hour MAs at 3763.69 and 3874.56 respectively The price of bitcoin has shot up about $300 over the last few hours after stalling ahead of the 61.8% of the move up from the Dec 18 low.  The move has moved the price back above its 100 and 200 hour MAs. The price moved back below those MAs earlier this week and selling intensified.  Now with the price back above, the bias shifts more to the upside for the digital currency. 

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Fri 21 Dec 2018 22:57:13 GMT

2

2018 Bitcoin summary – How CFD traders can make money during the downtrend

A look at how bitcoin performed in 2018 While the leading currency lost over 80% of its value since the "peak Bitcoin" in December 2017, many day traders made fortune during the downtrend placing the right orders at the right time. Let's go through some examples, so you can decide whether it was within your reach. We'll take a look at a broad picture with weekly candles and see if the big trend reversal was preceded by any sign. It turns out it all started with a strong bearish engulfing pattern.

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2018 Bitcoin summary – How CFD traders can make money during the downtrend


//az705044.vo.msecnd.net/20181221/bitcoin.png SimpleFX
Fri 21 Dec 2018 22:57:13 GMT
Author: SimpleFX
Category: Cryptocurrency
2
A look at how bitcoin performed in 2018 While the leading currency lost over 80% of its value since the "peak Bitcoin" in December 2017, many day traders made fortune during the downtrend placing the right orders at the right time. Let's go through some examples, so you can decide whether it was within your reach. We'll take a look at a broad picture with weekly candles and see if the big trend reversal was preceded by any sign. It turns out it all started with a strong bearish engulfing pattern.

Asset 24 View More
Fri 21 Dec 2018 17:24:03 GMT

Bitcoin tips into the red for the day, but hangs onto bullish bias.

Market is consolidating over the last 24 hours This week, the price of bitcoin has moved from a low of $3128 on November 15 to a high yesterday at $4175. That's a 33.47% increase from the lows.  Forget that the price has moved from +19K, it is still a decent run higher.  The catalyst for the move technically, was the move above the 100 and 200 hour MAs (blue and green lines) on Monday. That triggered a bullish bias, and covering/buying was on (the 200 hour MA was at  $3327 on Monday).  

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Bitcoin tips into the red for the day, but hangs onto bullish bias.


//az705044.vo.msecnd.net/20181221/2018-12-21_10-20-39aaa.jpg Greg Michalowski
Fri 21 Dec 2018 17:24:03 GMT
Category: Cryptocurrency
0
Market is consolidating over the last 24 hours This week, the price of bitcoin has moved from a low of $3128 on November 15 to a high yesterday at $4175. That's a 33.47% increase from the lows.  Forget that the price has moved from +19K, it is still a decent run higher.  The catalyst for the move technically, was the move above the 100 and 200 hour MAs (blue and green lines) on Monday. That triggered a bullish bias, and covering/buying was on (the 200 hour MA was at  $3327 on Monday).  

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Fri 21 Dec 2018 01:25:51 GMT

1

Facebook is developing a Cryptocurrency for WhatsApp transfers

Facebook cryptocurrency to allow user transfers on its WhatsApp messaging app  - developing a stablecoin (a digital currency pegged to the U.S. dollar) Bloomberg with the news, adding:

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Facebook is developing a Cryptocurrency for WhatsApp transfers


https://az705044.vo.msecnd.net/20181221/us-dollar.png Eamonn Sheridan
Fri 21 Dec 2018 01:25:51 GMT
Category: Cryptocurrency
1
Facebook cryptocurrency to allow user transfers on its WhatsApp messaging app  - developing a stablecoin (a digital currency pegged to the U.S. dollar) Bloomberg with the news, adding:

Asset 24 View More
Wed 19 Dec 2018 15:29:54 GMT

1

Bitcoin continues the short covering. Moves above $3800.

Up 21% from the December 15 low at $3130 The price of Bitcoin bottomed last week at $3130 and slowly but surely, the price has pushed/squeezed higher.  The price moved above the 100 hour MA and 200 hour MA (blue and green lines) on Monday. That tilted the bias back to the upside (more bullish).  The market consolidated yesterday and made another run higher today.   

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Bitcoin continues the short covering. Moves above $3800.


//az705044.vo.msecnd.net/20181219/2018-12-19_8-21-03.jpg Greg Michalowski
Wed 19 Dec 2018 15:29:54 GMT
Category: Cryptocurrency
1
Up 21% from the December 15 low at $3130 The price of Bitcoin bottomed last week at $3130 and slowly but surely, the price has pushed/squeezed higher.  The price moved above the 100 hour MA and 200 hour MA (blue and green lines) on Monday. That tilted the bias back to the upside (more bullish).  The market consolidated yesterday and made another run higher today.   

Asset 24 View More
Mon 17 Dec 2018 17:31:23 GMT

4

Happy Anniversary. Bitcoin peaked one year ago today

High on Coinbase reached $19891     There have been ups and downs since that time but despite the $226 gain today, the digital currency has lost -82.76% of it's value in the last year.  The low was reached on Saturday at $3128.89.

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Happy Anniversary. Bitcoin peaked one year ago today


//az705044.vo.msecnd.net/20181217/2018-12-17_10-10-13.jpg Greg Michalowski
Mon 17 Dec 2018 17:31:23 GMT
Category: Cryptocurrency
4
High on Coinbase reached $19891     There have been ups and downs since that time but despite the $226 gain today, the digital currency has lost -82.76% of it's value in the last year.  The low was reached on Saturday at $3128.89.

Asset 24 View More
Fri 14 Dec 2018 16:14:10 GMT

4

Basis, the stable coin that funded Andreessen Horowitz and Bain shuts down

Basis returns money to investors Inventors into Basis included some of the biggest names in finance with raising $133 million: The idea was to create a US dollar stablecoin to take on Tether and Gemini. However leaders announced the project would be dissolved today and the money returned to investors.

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Basis, the stable coin that funded Andreessen Horowitz and Bain shuts down


//az705044.vo.msecnd.net/20181214/basis.png Adam Button
Fri 14 Dec 2018 16:14:10 GMT
Author: Adam Button
Category: Cryptocurrency
4
Basis returns money to investors Inventors into Basis included some of the biggest names in finance with raising $133 million: The idea was to create a US dollar stablecoin to take on Tether and Gemini. However leaders announced the project would be dissolved today and the money returned to investors.

Asset 24 View More
Thu 13 Dec 2018 20:20:09 GMT

3

Still no love in Bitcoin land

Rally yesterday stalls.  Moves back below 100 hour MA and stays below There is still no love in Bitcoin land. The digital currency tried to rally yesterday with the price getting above its 100 hour MA (blue line), but the price rise stalled ahead of it's 200 hour MA (green line - has not closed above since October 3) and moved back below the 100 hour MA.  The correction in the NY session high stalled against the MA line.  That has led to more selling.

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Still no love in Bitcoin land


//az705044.vo.msecnd.net/20181213/2018-12-13_13-05-17.jpg Greg Michalowski
Thu 13 Dec 2018 20:20:09 GMT
Category: Cryptocurrency
3
Rally yesterday stalls.  Moves back below 100 hour MA and stays below There is still no love in Bitcoin land. The digital currency tried to rally yesterday with the price getting above its 100 hour MA (blue line), but the price rise stalled ahead of it's 200 hour MA (green line - has not closed above since October 3) and moved back below the 100 hour MA.  The correction in the NY session high stalled against the MA line.  That has led to more selling.

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Wed 12 Dec 2018 19:20:39 GMT

9

Bitcoin buyers are trying. But can they give the digital currency another shove?

Momentum slowed Is there a chance for a Bitcoin Christmas rally? Well, if you read my comments on the digital currency, you know that I firmly believe that if the price action and technical tools don't show signs of a bullish bias, it ain't bullish.

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Bitcoin buyers are trying. But can they give the digital currency another shove?


//az705044.vo.msecnd.net/20181212/2018-12-12_12-18-46.jpg Greg Michalowski
Wed 12 Dec 2018 19:20:39 GMT
Category: Cryptocurrency
9
Momentum slowed Is there a chance for a Bitcoin Christmas rally? Well, if you read my comments on the digital currency, you know that I firmly believe that if the price action and technical tools don't show signs of a bullish bias, it ain't bullish.

Asset 24 View More
Tue 11 Dec 2018 16:13:49 GMT

7

The Blockchain Terminal wasn't a crypto answer to the Bloomberg Terminal, it was a massive scam

Another blackeye The tragedy of cryptocurrencies and the blockchain is that some really good people are or were working on it. There are some great ideas and applications.

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The Blockchain Terminal wasn't a crypto answer to the Bloomberg Terminal, it was a massive scam


https://www.youtube.com/embed/qwVXYnru_F8 Adam Button
Tue 11 Dec 2018 16:13:49 GMT
Author: Adam Button
Category: Cryptocurrency
7
Another blackeye The tragedy of cryptocurrencies and the blockchain is that some really good people are or were working on it. There are some great ideas and applications.

Asset 24 View More
Fri 7 Dec 2018 15:33:01 GMT

Bitcoin takes another run to the downside. New 2018 lows.

Trades at lowest level since September 15, 2017 The price of Bitcoin on Coinbase took another run lower today.  The price of the digital currency is trading down about $200 and $3398.  The low price reached $3290.99.  We high today extended to $3624.26.  The price fell below the November low at $3456. That is now close risk for shorts. Stay below keeps the sellers in firm control. 

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Bitcoin takes another run to the downside. New 2018 lows.


//az705044.vo.msecnd.net/20181207/2018-12-07_8-23-54.jpg Greg Michalowski
Fri 7 Dec 2018 15:33:01 GMT
Category: Cryptocurrency
0
Trades at lowest level since September 15, 2017 The price of Bitcoin on Coinbase took another run lower today.  The price of the digital currency is trading down about $200 and $3398.  The low price reached $3290.99.  We high today extended to $3624.26.  The price fell below the November low at $3456. That is now close risk for shorts. Stay below keeps the sellers in firm control. 

Asset 24 View More
Thu 6 Dec 2018 23:58:08 GMT

4

Bye-bye Bitcoin (again) … hits a 15 month low

Kool Aid coin or whatever the **** they are calling now (OK, Bitcoin) plumbs another low 

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Bye-bye Bitcoin (again) … hits a 15 month low


https://az705044.vo.msecnd.net/20181206/btc-price-chart-15-month-low.png Eamonn Sheridan
Thu 6 Dec 2018 23:58:08 GMT
Category: Cryptocurrency
4
Kool Aid coin or whatever the **** they are calling now (OK, Bitcoin) plumbs another low 

Asset 24 View More
Thu 6 Dec 2018 16:58:54 GMT

2

Bitcoin is looks to test the 2018 lows. Technical story is bearish.

The swing lows from November at $3508 and $3456 eyed The price of bitcoin on the Coinbase exchange is down about -$140 on the day at $3581. That is getting close to the lows from November at $3508 and $3456.

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Bitcoin is looks to test the 2018 lows. Technical story is bearish.


//az705044.vo.msecnd.net/20181206/2018-12-06_9-48-40.jpg Greg Michalowski
Thu 6 Dec 2018 16:58:54 GMT
Category: Cryptocurrency
2
The swing lows from November at $3508 and $3456 eyed The price of bitcoin on the Coinbase exchange is down about -$140 on the day at $3581. That is getting close to the lows from November at $3508 and $3456.

Asset 24 View More
Wed 5 Dec 2018 18:06:29 GMT

5

If you like Bitcoin, there is a trend line to lean against

..but be careful The price of Bitcoin on Coinbase is lower by about $187 at $3710. The move lower got going again, when yesterday, the price on the hourly chart tested the converged 100 and 200 hour MAs (blue and green line).   The price did try to go above those MA line, but the attempt was quickly rejected.

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If you like Bitcoin, there is a trend line to lean against


//az705044.vo.msecnd.net/20181205/2018-12-05_10-55-28.jpg Greg Michalowski
Wed 5 Dec 2018 18:06:29 GMT
Category: Cryptocurrency
5
..but be careful The price of Bitcoin on Coinbase is lower by about $187 at $3710. The move lower got going again, when yesterday, the price on the hourly chart tested the converged 100 and 200 hour MAs (blue and green line).   The price did try to go above those MA line, but the attempt was quickly rejected.

Asset 24 View More
Fri 30 Nov 2018 20:28:04 GMT

Bitcoin ends week on a bearish note

Well weeks never end with Bitcoin but price is lower today The price of Bitcoin on Coinbase is ending the week on a weak note.  The price on Wednesday and Thursday reached above the 100 (blue line) and 200 hour MA (green line in the chart below). Staying above would be more bullish.  However, the price could not stay above those lines today. 

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Bitcoin ends week on a bearish note


//az705044.vo.msecnd.net/20181130/2018-11-30_13-26-10.jpg Greg Michalowski
Fri 30 Nov 2018 20:28:04 GMT
Category: Cryptocurrency
0
Well weeks never end with Bitcoin but price is lower today The price of Bitcoin on Coinbase is ending the week on a weak note.  The price on Wednesday and Thursday reached above the 100 (blue line) and 200 hour MA (green line in the chart below). Staying above would be more bullish.  However, the price could not stay above those lines today. 

Asset 24 View More
Wed 28 Nov 2018 20:39:32 GMT

4

The US government might know what's in your Bitcoin wallet

US government publishes Bitcoin wallet of sanctions-hit Iranians The US government's Office of Foreign Assets Control today hit two Iranians with sanctions but what's notable is that they also published their Bitcoin addresses.

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The US government might know what's in your Bitcoin wallet


//az705044.vo.msecnd.net/20181128/trump-big-brother.png Adam Button
Wed 28 Nov 2018 20:39:32 GMT
Author: Adam Button
Category: Cryptocurrency
4
US government publishes Bitcoin wallet of sanctions-hit Iranians The US government's Office of Foreign Assets Control today hit two Iranians with sanctions but what's notable is that they also published their Bitcoin addresses.

Asset 24 View More

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