| Digital Currency

Become a contributor

Bookmark Econotimes

| Digital Currency

Woori Bank Puts Bitcoin on the Board: Korea’s Big Banks Embrace Digital Assets

Bitcoin’s $732B Mega-Cycle: The Institutional Maturation Supercycle Has Arrived

Altcoin Whales Go on a Feeding Frenzy: $1.36B XRP Hoover, Fartcoin Mania & $500M Exchange Exodus – The Great December Accumulation Begins

FxWirePro- Top trending Coins (CoinGecko)

Bitcoin Bounces Hard: $87,592 Hit as Bulls Defend $80K – Next Stop $100K If $92K Breaks

FxWirePro- Key Crypto Updates

Tom Lee’s $20,000 Ethereum Call: The Tokenization Supercycle That Will Make 2021 Look Tiny

FxWirePro-Key Crypto Updates

FxWirePro- Token Unlock Today (ENA)

Ethereum’s Fusaka UpEthereum’s Fusaka UpEthereum’s Fusaka Upgrade: PeerDAS, Massive Scaling, and Cheaper Layer 2—A New Era Beginsgrade: PeerDAS, Massive Scaling, and Cheaper Layer 2—A New Era Begins

FxWirePro- Major Crypto levels and bias summary

Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

FxWirePro- Major Crypto levels and bias summary

FxWirePro- Key Crypto Updates

BitMine Goes Nuclear on Ethereum: Snaps Up 23,773 ETH in Days, Now Holds 3.7 Million ETH (Over 3% of Entire Supply

FxWirePro- Top Trending Coins (CoinGecko)

Digital Currency Revolution

©Econometrics LLC . All Rights Reserved.

BTC/USD trades in narrow range, break above 791 confirms further bullishness

Wednesday, December 14, 2016 11:00 AM UTC

BTC/USD is trading rangebound on Wednesday and is currently hovering around 777 levels at the time of writing (Bitstamp).

Long-term trend: Bullish

Short-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 768.13

Kijun Sen: 753.63

Trend reversal: 695.43 (90 EMA)

Major resistance is seen at 791 (trend line joining 745.19 and 778.07) and a break above would target 799.74 levels (161.8% retracement of778.07 and 743) /819 (113% retracement of 778.85 and 465.28)/864.14.

On the flipside, the pair has taken support near 766.88 (10-EMA) and a break below would drag it to 743 (December 05 low)/714 (November 20 low).

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support

Honduras Awaits Final Election Results as Asfura Holds Slim Lead Amid U.S. Attention

FxWirePro- Major Crypto levels and bias summary

Tom Lee’s $20,000 Ethereum Call: The Tokenization Supercycle That Will Make 2021 Look Tiny

Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K

FxWirePro: EUR/AUD force is with bears as pair hits low since June 11th

CFPB to Review Anti-Discrimination Policies and Fair Lending Rules Amid Policy Shift

FxWirePro: GBP/AUD downtrend extends ,eyes 23.6%fib support

Australia Imposes Sanctions on Taliban Officials Over Human Rights Abuses

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Digital Currency Revolution

BTC/USD trades in narrow range, break above 791 confirms further bullishness

Editor's Picks

Welcome to EconoTimes