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BTC/USD has broken above previous high of 745 levels and is currently trading at 747 levels at the time of writing (Bitstamp).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 713.05
Kijun Sen: 686.88
Trend reversal: 648.19 (90 EMA)
On the upside, the pair is now targeting 778.85 (June 18 high) and a break above would see the pair testing 800 (psychological level)/819.61 (113% retracement of 778.85 and 465.28).
On the reverse side, support is likely to be found near 707.98 (21-day MA) and a break below would see a dip till 683(November 13 low)/ 670 (November 03 low).
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FxWirePro: BTC/USD breaks above 745, good to buy on dips
Thursday, November 17, 2016 10:21 AM UTC
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