Crypto Technicals: LTC/USD consolidates break below 20-DMA, on track to test trendline support at 52.25
Crypto Technicals: BTC/USD extends sideways above 200H SMA support (8277), weakness likely on break below
Cryptocurrency Derivatives Series: Binance Making Abuzz With XRP-BF2 Listing and Mounting Volumes of BTC Futures
Digital Currency Revolution Series: SNB and BIS enter into a pact to explore possibilities and prospects of digital currencies
Crypto Technicals: XMR/USD holds above trendline support, 'Bullish Divergence' raises scope for upside
FxWirePro™ Launches Bitcoin Newsfeed
FxWirePro™, the official FX market analysis provider for EBS, MetaQuotes, Spotware, NetDania, Multicharts, thinkorswim just announced that it launched real-time news and analysis on bitcoins and other digital currencies.
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Microsoft: No immediate plans to expand bitcoin outside U.S.
Overruling the rumors, Microsoft said its program for bitcoin payments to be available only to US customers for now. But the IT major signalled that it is considering to launch the program to other new markets like Europe and said such discussions are still in the preliminary stages.
“We are looking into expanding our bitcoin payment processing outside of the US, but have nothing more to share at this time,” said a spokesperson of Microsoft on Tuesday.
BTC/USD Short Term Outlook: (graph attached)
Short term trend: Bearish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 359.74
Kijun-Sen level: 372.80
Ichimoku cloud top: 397.86
Ichimoku cloud bottom: 397.49
BTC/USD made a low of 339.62 and has recovered till 354 from that level. Overall trend is weak as long as resistance 360 (200 day 4HMA) holds.
The pair break above 360 would extend gain to 365/372 in short term.
The major support is around 337 and any break below will take the pair to 332/329 (78.6% retracement of 295.30 and 454.98).
Recommendation: Sell BTC/USD around 354-55, SL 360.10, Target 337.10
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