| Digital Currency

Become a contributor

Bookmark Econotimes

| Digital Currency

FxWirePro- Token Unlock Today (ENA)

Bitcoin Bounces Hard: $87,592 Hit as Bulls Defend $80K – Next Stop $100K If $92K Breaks

Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K

Tom Lee’s $20,000 Ethereum Call: The Tokenization Supercycle That Will Make 2021 Look Tiny

Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support

Altcoin Whales Go on a Feeding Frenzy: $1.36B XRP Hoover, Fartcoin Mania & $500M Exchange Exodus – The Great December Accumulation Begins

FxWirePro- Major Crypto levels and bias summary

Strategy (MicroStrategy) Goes All-In Again: 8,178 BTC Scooped at $102K as Whales and ETFs Refuse to Blink

ETHUSD Finds Its Footing: Buy the Dip for a Potential Surge Toward $3600

Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded

Ethereum Refuses to Stay Below $3,000 – $3,600 Next?

FxWirePro- Top Trending Coins (CoinGecko)

Ethereum’s Fusaka UpEthereum’s Fusaka UpEthereum’s Fusaka Upgrade: PeerDAS, Massive Scaling, and Cheaper Layer 2—A New Era Beginsgrade: PeerDAS, Massive Scaling, and Cheaper Layer 2—A New Era Begins

FxWirePro- Top trending coins (CoinGecko)

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

FxWirePro- Key Crypto Updates

Digital Currency Revolution

©Econometrics LLC . All Rights Reserved.

FxWirePro: BTC/CNY upside capped by 88.6% fibo, good to sell on rallies

Tuesday, March 7, 2017 1:16 PM UTC

BTC/CNY is seen plunging below on Tuesday. The pair has declined sharply after making a top around 8400 level (BTCCHINA). It is currently trading around 7909 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 7900

Kijun-Sen level: 7417

Major reversal level -6674 (89- day EMA)

Long-term trend remains to be bullish. BTC/CNY upside is capped by 88.6% retracement and any break above confirms bullish continuation.

Major resistance is around 7988 (10- day MA) and any break above will take the pair till 8439 (88.6% retracement of 8896 and 4893)/8896 (Jan 5th 2017 high). Short term support is seen at 7683 (21- day EMA) and any break below targets 7417 (daily Kijun-Sen)/7185 (61.8% retracement of 6434 and 8400).

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

CFPB to Review Anti-Discrimination Policies and Fair Lending Rules Amid Policy Shift

Australia Imposes Sanctions on Taliban Officials Over Human Rights Abuses

U.S. Appeals Court Rules Trump Can Remove Members of Key Federal Labor Boards

Supreme Court to Review Legality of Trump’s Birthright Citizenship Restrictions

U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut

Trump Backs Review of U.S. Childhood Vaccine Schedule After Hepatitis B Policy Change

U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut

Netflix’s $72 Billion Warner Bros Discovery Deal Reshapes the Entertainment Landscape

FxWirePro: GBP/NZD slide lower shifts pressure to the downside

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Digital Currency Revolution

FxWirePro: BTC/CNY upside capped by 88.6% fibo, good to sell on rallies

Editor's Picks

Welcome to EconoTimes