Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: BTC/USD drops below 11000, break below 20-DMA to see further downside

BTC/USD continues to consolidate inside Ichimoku cloud on Tuesday. It is currently trading at 10936 levels at the time of writing (Bitstamp).

On the topside, a consistent break above 11782 (upper Bollinger) would see the pair testing 12000/12352 (100-DMA)/12540 (Cloud top). Further strength would target 12793 (50% retracement of 19666 and 5920.72)/13000.

On the down side, support is seen at 10801 (10-DMA) and any violation would see the pair testing 10614 (20-DMA)/10193 (50-DMA)/10000. Further weakness would drag it to 9679 (4h 200-SMA)/9139 (Cloud bottom).

Momentum studies: On the daily chart, RSI is holding above 50, MACD line is above the signal line, while stochs are on the verge of a rollover from the overbought levels.

The pair has broken below the 11000 mark. Watch out for a break below 20-DMA, coupled with RSI dropping below 50, for further downside in the pair.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

December 13 02:30 UTC Released

SGFinal Unemployment Rate

Actual

2.1 %

Forecast

Previous

2.1 %

December 13 00:01 UTC Released

GBRICS Housing Survey

Actual

-11 Bln USD

Forecast

-10 Bln USD

Previous

-10 Bln USD

January 31 00:00 UTC 455261455261m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 455261455261m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 467081467081m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 455261455261m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 467081467081m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 455261455261m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 455261455261m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 455261455261m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.