Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: BTC/USD surges to fresh all-time high at 19666, bias bullish, stay long

BTC/USD traded higher over the weekend to hit a fresh all-time high at 19666 levels. It is currently trading at 18955 levels at press time.

Ichimoku analysis of daily chart:

Tenkan Sen: 16338.50

Kijun Sen: 13771

On the topside, a decisive break above 19000 would see the pair testing 19117 (161.8% retracement of 16666.66 and 12701.05)/19666 (December 17 high). Further strength would target 19817 (200% extension of 2972.01 and 11395)/20000/20391 (127.2% extension of 2972.01 and 16666.66)/20632.

On the reverse side, support is seen at 18191 (5-DMA) and a break below would drag the pair to 17878 (1h 100-SMA)/ 17243 (2h 90-EMA). Further weakness would see it testing 16961 (10-DMA)/15557 (4h 90-EMA)/14582 (20-DMA).

Momentum studies: Overall bias remains bullish with no major sign of reversal – MACD line is above the signal line and major moving averages are biased higher. The long lower wick of the candle today suggests stronger bullish bias.

However, bearish RSI divergence and stochs in overbought zone call for high caution.

Call Update: We recommended going long in our previous call. All the targets have been hit.

Recommendation: Book partial profits, stay long. Trail stop to 16900. TP: 20000

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 >

October 19 08:30 UTC Released

HKUnemployment Rate

Actual

2.8 0

Forecast

Previous

2.8 0

October 19 08:30 UTC Released

GBPSNCR, MM GBP

Actual

15.846 Bln GBP

Forecast

Previous

3.091 Bln GBP

January 31 00:00 UTC 376458376458m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 376458376458m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 388278388278m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 376458376458m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 388278388278m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 376458376458m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 376458376458m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 376458376458m

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.