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  |   Digital Currency

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FxWirePro: BTC/USD upside capped by 5-DMA, bias neutral

BTC/USD is struggling for a decisive break above 5-DMA and is currently trading at 11785 levels at the time of writing (Bitstamp).

On the topside, a consistent break above 11853 (5-DMA) would see the pair testing 12610 (Cloud top)/12904 (10-DMA). Further strength would target 13211 (38.2% retracement of 19666 and 9222)/14047 (20-DMA)/14637 (50-DMA)/14872 (Cloud Top).

On the flipside, support is seen at 10812 (100-DMA) and a break below would target 10350 (trend line joining 5555.55 and 10162)/10000. Further weakness would drag it to 9349 (61.8% retracement of 2972.01 and 19666)/9222 (January 17 low)/9046 (trend line joining 11159 and 9222)/8575/8000.

Momentum studies: Bias remains bearish on the daily chart with RSI weak at 40, MACD line below the signal line, and 5-, 10-, and 20-DMAs are biased lower. However, stochs have rolled over from near oversold levels.

Recommendation: Wait for clear directional bias.

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May 22 03:30 UTC Released

THBased Trade Data

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-1.28 1.76

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-0.12 1.76

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1.27 1.76

May 22 03:30 UTC Released

THBased Import Data

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20.36 13.7

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13.35 13.7

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9.47 13.7

January 31 00:00 UTC 160197160197m

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January 22 19:00 UTC 172017172017m

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-1541 %

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January 22 19:00 UTC 172017172017m

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-1541 %

January 31 00:00 UTC 160197160197m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 160197160197m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 160197160197m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

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