Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support 
Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded 
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K 
FxWirePro- Major Crypto levels and bias summary 
ETHUSD Finds Its Footing: Buy the Dip for a Potential Surge Toward $3600 
BTC/CNY hits fresh all-time high of 9999 and shown a minor profit booking from that level (BTCCHINA). It is currently trading around 9799.98 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 8767
Kijun-Sen level: 8252
Major reversal level -8330 (May 5th low)
Long-term trend remains to be bullish. BTC/CNY faces psychological resistance around 10000 and any break above confirms bullish continuation, a jump till 10657 is possible.
Major resistance is around 10000 and any break above will take the pair till 10657 (1005 projection 6119 to 8716 form 8060)/11000. Short term support is seen at 9605 (23.6% retracement of 8333 and 9999) and any break below the will drag the pair down till 9080 (23.6% retracement of 6119 and 9999)/8765 (daily Kijun-Sen).
- News
- Economy
- Central Banks
- Investing
- Research
- Roundups
- Digital Currency
- Insights
- Technical Analysis
- Technology
- Business
- Law
- Health
- Nature
- Fintech
- Science
- Topic
- Opinions
- ©Econometrics LLC . All Rights Reserved.
FxWirePro: BTC/CNY faces strong resistance at 10000 level, good to buy on dips
Wednesday, May 10, 2017 10:33 AM UTC
Editor's Picks
- Market Data
Most Popular
8
