FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Cracks $75K as $1.3B ETF Exodus and Middle East Jitters Spook Bulls; Bears Eye $70K 
Ethereum Cracks Below $2,000 as Bitcoin Contagion Bites—Bearish EMA Stack Sets Sights on $1,700 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course 
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900 
FxWirePro- Major Crypto levels and bias summary 
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 
BTC/CNY hits fresh all-time high of 11277 after breaking yesterday high of 10776 levels (BTCCHINA). It is currently trading around 10819 at press time.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 9418
Kijun-Sen level: 8863
Major reversal level -8540 (21 EMA)
Long-term trend remains to be bullish. BTC/CNY continuing its winning streak and hits fresh all-time high at the time of writing. The pair is in overbought as RSI at 80 in the weekly chart and a minor selling is expected to happen.
Major resistance is around 11369 (161.8% retracement of 8896 and 4893) and any break above will take the pair till 11700 (161.8% retracement of 11277 and 10590). Short term support is seen at 10600 (23.6% retracement of 11277 and 8333) and any break below the will drag the pair down till 10060 (23.6% retracement of 6119 and 11277)/9415 (daily Tenkan-Sen).
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FxWirePro: BTC/CNY hits fresh all- time at 11277, good to buy on dips
Friday, May 12, 2017 11:59 AM UTC
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