FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
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 
Ethereum Cracks Below $2,000 as Bitcoin Contagion Bites—Bearish EMA Stack Sets Sights on $1,700 
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 
Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900 
BTC/CNY has broken the high of 9266 and jumped till 9500 (BTCCHINA). It is currently trading around 9476 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 8509
Kijun-Sen level: 8085
Major reversal level -7585 (55- EMA)
Long-term trend remains to be bullish. BTC/CNY hits fresh all-time high, jump till 9842 is possible.
Major resistance is around 9626 (100% projection of 4893 to 8400 from 6119) and any break above will take the pair till 9825 (161.8% retracement of 9266 and 8333) /10000. Short term support is seen at 8700 (23.6% retracement of 6119 and 9500) and any break below the will drag the pair down till 8400 (resistance turned into support)/8060.
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FxWirePro: BTC/CNY hits fresh all-time high, jump till 9825 likely
Tuesday, May 9, 2017 10:55 AM UTC
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