| Digital Currency

Become a contributor

Bookmark Econotimes

| Digital Currency

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

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

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

FxWirePro- Top trending Coins (CoinGecko)

Crypto and FX: The 2025 Dollar Connection—Why Bitcoin Moves With Global Risk and USD Trends

FxWirePro- Key Crypto Updates

FxWirePro- Major Crypto levels and bias summary

ETHUSD Finds Its Footing: Buy the Dip for a Potential Surge Toward $3600

Ripple's Bold Bet: $180K Bitcoin by New Year's 2026 – Garlinghouse's Epic Call Ignites Crypto Fireworks

Ethereum Refuses to Stay Below $3,000 – $3,600 Next?

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

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

Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded

FxWirePro- Major Crypto levels and bias summary

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

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

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

Digital Currency Revolution

©Econometrics LLC . All Rights Reserved.

FxWirePro: BTC/CNY faces strong resistance around 5600, good to buy on dips

Tuesday, December 20, 2016 11:25 AM UTC

BTC/CNY is seen trading slightly below on Tuesday. The pair has made a high of 5599 and slightly declined till 5550 from that level (BTCCCHINA). It is currently trading around 5567 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 5457

Kijun-Sen level: 5343

Trend reversal level - (100 days MA) – 4695

Long-term trend remains to be bullish. BTC/CNY faces strong resistance around 5600 and any break above will take the pair till 5678.

Major resistance -5600 (Dec 17th high) any break above that level will take the pair to next level till 5643 (161.8% retracement of 5399 and 5003)/5678 (161.8% retracement of 5507 and 5230). Short-term support is seen at 5515 (7- day EMA) and any break below targets 5475 (10- day MA)/ 5343 (daily Kijun-Sen).

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

FxWirePro: BTC/CNY faces strong resistance around 5600, good to buy on dips

Editor's Picks

Welcome to EconoTimes