Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course 
FxWirePro- Major Crypto levels and bias summary 
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 
Ethereum Cracks Below $2,000 as Bitcoin Contagion Bites—Bearish EMA Stack Sets Sights on $1,700 
Bitcoin Cracks $75K as $1.3B ETF Exodus and Middle East Jitters Spook Bulls; Bears Eye $70K 
FxWirePro- Major Crypto levels and bias summary 
BTC/USD continues to trade below the major trend line joining 628.99 and 745.19 and is struggling to break above. It is currently trading at 913 levels at press time. (Bitstamp).
Ichimoku analysis of daily chart:
Tenkan Sen: 872.87
Kijun Sen: 945.61
Trend reversal: 814.19 (90 EMA)
The pair’s upside continues to be limited by 925 levels (trend line joining 628.99 and 745.19) and a break above would target 945 (50% retracement of 1139.89 and 751.34)/991.
On the downside, the pair has taken support near 899 (21-DMA) and any violation would drag it to 856 (55 EMA)/ 814.19 (90 EMA).
- News
- Economy
- Central Banks
- Investing
- Research
- Roundups
- Digital Currency
- Insights
- Technical Analysis
- Technology
- Business
- Law
- Health
- Nature
- Fintech
- Science
- Topic
- Opinions
- ©Econometrics LLC . All Rights Reserved.
FxWirePro: BTC/USD upside capped by trend line resistance at 925, decisive break above confirms further bullishness
Tuesday, January 24, 2017 10:34 AM UTC
Editor's Picks
- Market Data
Most Popular
