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BTC/USD is continuing its upward trend and is currently trading at 865 levels at the time of writing (Bitstamp).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 800
Kijun Sen: 777.98
Trend reversal: 711.24 (90 EMA)
On the upside, the pair is has broken above resistance at 864 (127.2% retracement of 778.85 and 465.28) and is now targeting the psychological level of 900/972.
On the reverse side, the pair is likely to find support at 792.35 (10-EMA) and a break below would drag it to 775.29 (21-day MA)/743 (December 05 low).
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FxWirePro: BTC/USD breaches 127.2% fib, jump till 900 likely
Thursday, December 22, 2016 7:27 AM UTC
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