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FxWirePro: BTC/USD rejected at 20-DMA resistance, good to go short on decisive break below 4h 200-SMA

BTC/USD failed to close above 20-SMA and plunged to 13700 levels earlier in the day. It is currently trading at 14100 levels at the time of writing (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 14554.96

Kijun Sen: 15089.58

On the topside, resistance is seen at 14613 (2h 50-SMA) and a break above would target 14792 (1h 20-SMA)/14922 (4h 50-SMA). Further strength would target 15418 (50% retracement of 19666 and 11159)/16064 (20-DMA)/ 16666 (December 08 high).

On the reverse side, short-term support is seen at 14055 (4h 200-SMA) and a decisive break below would drag the pair to 13220 (38.2% retracement of 2972.01 and 19666)/12744 (lower Bollinger)/11986 (50-DMA).

Momentum studies: Bias has turned bearish on the daily chart, with RSI weak at 47, MACD line below the signal line and stochs biased lower. Bias on the intraday charts is weak as well.

Recommendation: Good to go short on decisive break below 14055 (4h 200-SMA). SL: 15000. TP: 13500/13220.

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July 13 14:30 UTC Released

USECRI Weekly Annualized

Actual

1.5 %

Forecast

Previous

2.2 %

July 13 14:30 UTC Released

USECRI Weekly Index

Actual

148.5 %

Forecast

Previous

147.4 %

January 31 00:00 UTC 238765238765m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 238765238765m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 250585250585m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 238765238765m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 250585250585m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 238765238765m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 238765238765m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 238765238765m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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