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FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900 
Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
BTC/CNY is seen trading slightly above on Friday. The pair has recovered slightly till 5583 after declining till 4893 levels (BTCCCHINA). It is currently trading around 5445 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 6894
Kijun-Sen level: 6894
Major reversal level -5600 (89- day EMA)
Long-term trend remains to be bullish. BTC/CNY upside capped by 89- day EMA and any break above confirms minor bullishness.
Major resistance is seen at 5600 (89- day EMA) and any break above that level will take the pair to next level till 6000/6266 (30- day EMA). Short-term support is around 4705 (200- day MA) and any break below targets 4520 (Nov 3rd, 2016 low).
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FxWirePro: BTC/CNY faces strong resistance at 5600, good to sell on rallies
Friday, January 13, 2017 10:17 AM UTC
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