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 
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies 
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 Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 
BTC/GBP broke below the 700 mark on December 07 and hit 672.99 levels. It is currently trading at 737 at the time of writing (Coinbase).
Long-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 811.49
Kijun Sen: 782
Trend reversal: 641 (90 EMA)
On the upside, major resistance is seen at the 762 (21-DMA) and a break above would see the pair testing 791 (5-DMA)/800.
Momentum studies suggest further bearish trend: the MACD line is below the signal line, bearish crossovers of 5 and 21-DMA.
On the flip side, the pair is likely to find support near 725 (trend line joining 467.77 and 611.12) and a break below would target 686.58 (55-EMA)/ 672.99 (December 07 low).
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FxWirePro: BTC/GBP faces strong resistance at 21-DMA, break below 725 targets 670
Monday, January 9, 2017 10:43 AM UTC
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