FxWirePro: EUR/KRW moves in stiff boundaries, consistent close above 1,316 requires for upside rally
Crypto Technicals: Litecoin (LTC) flashing signs of weakness, bearish engulfing and overbought oscillators weigh
Crypto Technicals: ETH/USD retreats from 6-week highs at 217.49, close below 200-DMA to see further weakness
Digital Currency/Stablecoin/Tokenization Series: Is Coinbase racing-up with IEO and STO Platforms to take on Binance?
Crypto Technicals: TRON (TRX) breaks 21-EMA resistance, rising volatility and bullish divergence to ensure upside continuation
Cryptocurrency Derivatives Series: A Glance at Features of Bakkt’s Bitcoin Futures Contracts of Daily and Monthly Tenors
Crypto Technicals: Bitcoin fails to take out $11K mark, tumbles below 55-EMA support (10428)
BTC/USD chart - Trading View
Exchange - Coinbase
Support: 9765 (38.2% Fib); Resistance: 10979 (20-DMA)
Technical Analysis: Bias Bearish
BTC/USD has failed to hold break above daily cloud, intraday bias has turned bearish.
Price action has failed to takeout $11,000 mark, tumbles lower.
The pair has broken below 55-EMA support and 200 hour SMA, negating near-term upside.
Volatility is rising on the intraday charts. Bears eye 38.2% at 9765. Further weakness will see dip till 110-EMA at 9441.
200H SMA is immediate resistance at 10478. Retrace above 20-DMA (10981) will negate any bearish bias for the pair.