| Digital Currency

Become a contributor

Bookmark Econotimes

| Digital Currency

BitMine Goes Nuclear on Ethereum: Snaps Up 23,773 ETH in Days, Now Holds 3.7 Million ETH (Over 3% of Entire Supply

FxWirePro- Key Crypto Updates

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

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

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- Token Unlock Today (ENA)

Bitcoin Smashes $93K as Institutions Pile In – $100K Next?

Woori Bank Puts Bitcoin on the Board: Korea’s Big Banks Embrace Digital Assets

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

FxWirePro-Key Crypto Updates

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

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

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

FxWirePro-Upcoming Token Generation Events - December 2025

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)

Digital Currency Revolution

©Econometrics LLC . All Rights Reserved.

FxWirePro: BTC/GBP breaches trend line resistance, jump till 875 likely

Tuesday, February 7, 2017 10:36 AM UTC

BTC/GBP soared higher on Tuesday and has hit a high of 844 levels so far in the day. It is currently trading at 841 levels at press time (Coinbase).

Ichimoku analysis of daily chart:

Tenkan Sen: 781.22

Kijun Sen: 720

Trend reversal: 691.73 (90-EMA)

On the upside, the pair has broken above the trend line joining 950 and 835 and is holding above that level. Momentum studies suggest further bullishness in the pair as RSI (14) is at 68 and the MACD line is above the signal line.

Immediate resistance is seen at 847.68 (upper Bollinger) and a decisive break above would target 876 (78.6% retracement of 950 and 605)/900.

On the flipside, the pair has taken support near 806 (7-DMA) and any violation would drag it to 777 (trend line joining 467.77 and 611.12)/757.21 (21-DMA).

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

FxWirePro: GBP/AUD downtrend extends ,eyes 23.6%fib support

FxWirePro: EUR/AUD force is with bears as pair hits low since June 11th

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

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

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

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

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/GBP breaches trend line resistance, jump till 875 likely

Editor's Picks

Welcome to EconoTimes