FxWirePro: AUD/USD grinds higher for the 4th straight session, RBA’s financial stability review caps upside
Regulatory Series on Cryptocurrencies: Pandemic Coronavirus Holds Back Russian Prohibition On Cryptocurrencies
Cryptocurrency Derivatives Series: Bitcoin Price Stabilizes And Surges – Take A Look At CME BTCH20 Expiry
FxWirePro: USD/CAD Spinning Top Signifies Minor Downtrend, Major trend Intact Upon Uptrend Line – Trading & Hedging Setup
Blockchain Revolution Series: Citigroup Ventures With Ethereum-Based Komgo To Target Trade Finance Domain
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
BTC/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Neutral
GMMA Indicator: Major Trend - Bullish; Minor Trend - Bearish
Overbought/ Oversold Index: Neutral, biased lower
Support: 9386 (4H 200 MA); Resistance: 9702 (21-EMA)
BTC/USD was trading range-bound on the day at 9563 at around 04:50 GMT.
The pair slumped overnight, tanking over 5.75% amid bloodbath across crypto-markets.
Indicators have turned slightly bearish, with short-term MAs in the GMMA now biased South.
Price action has closed below 21-EMA support raising scope for further weakness. Next major support lies at 4H 200 MA at 9386.
Major trend remains bullish and a 'Golden Cross' formation on the daily charts is likely to keep downside limited.
Break below 4H 200 MA to see further downside. Breach at 200-DMA negates near-term bullish bias.