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BTC/GBP is continuing its uptrend and is currently trading at 613.86 levels at the time of writing (Coinbase).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 579.80
Kijun Sen: 570.32
Trend reversal: 519.93 (90 EMA)
On the topside, resistance is seen at 619.43 (113% retracement of 611.12 and 547.20) and a break above would target 628 (127.2% retracement)/ 650.
On the downside, the pair has taken support near 585.88 and a break below would weaken it to 547.20 (November 13) / 535.30 (November 03 low).
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BTC/GBP continues uptrend, targets 650
Friday, November 18, 2016 11:47 AM UTC
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