Bitcoin vs USD January-March 2017
Forecast: key resistance level at 850.15 to be broken for the bullish trend to be continuing
Weekly (W1) price is located above Ichimoku cloud in
the bullish area of the chart. The price is on ranging within the
following support/resistance levels:
Chinkou Span line
is located above the price indicating the ranging condition to be continuing in the near future for example.
Weekly price broke 850.15 resistance level to above together with 944.22 new level. So, it is bullish breakout!
New key level for (for the bullish trend to be continuing) is 996.01
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2017.01.09 12:32
Bitcoin/USD: Intra-day breakdown with the bearish reversal; daily correction to be started (adapted from the article)
Sergey Golubev, 2017.01.12 16:06
Bitcoin Price Crashes as China’s PBOC Performs “On-Site Checks” of Major Exchanges (based on the article)
From official statement:
The People’s Bank of China Shanghai HQ, the Shanghai Municipal Finance Office and other units formed a joint inspection team to carry out site inspections on Bitcoin China, focusing on checking whether it was operating beyond its business scope, whether it was engaging in unlicensed forex, payment, financing and other related businesses; whether it engaged in market manipulation; implementing anti-money laundering, financial security risks and so on.
H4 intra-day price broke 100 SMA/200 SMA reversal area for the bearish breakdown: the price is on testing with 743 support level for the bearish trend to be continuing.
Sergey Golubev, 2017.01.27 15:45
Intra-Day Fundamentals - EUR/USD, USD/CNH and Bitcoin/USD: U.S. Advance GDP
2017-01-27 13:30 GMT | [USD - GDP]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy.
From official report:
EUR/USD M5: 44 pips range price movement by U.S. Advance GDP news events
USD/CNH M5: 126 pips range price movement by U.S. Advance GDP news events
BTC/USD M5: range price movement by U.S. Advance GDP news events
BTC has been trending up and trading off of the fibonacci trendlines since this latest bull run. Use fib fans if you want the best entry points. Cheers!
Sergey Golubev, 2017.03.05 07:37
Bitcoin/USD daily price is above Ichimoku cloud to be located in the bullish area of the chart. The price is on bullish breakout which was started in the beginning of the January this year by breaking Ichimoku kumo to above with the bullish reversal. For now, the price is on testing resistance level at 1,259.91 for the bullish breakout to be continuing.
Sergey Golubev, 2017.03.10 15:08
Intra-Day Fundamentals - EUR/USD, GBP/USD, BTC/USD and Brent Crude Oil: Non-Farm Payrolls
2017-03-10 13:30 GMT | [USD - Non-Farm Employment Change]
[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.
From official report:
EUR/USD M5: 45 pips range price movement by Non-Farm Payrolls news events
GBP/USD M5: 42 pips range price movement by Non-Farm Payrolls news events
BTC/USD M5: range price movement by Non-Farm Payrolls news events
Brent Crude Oil M5: range price movement by Non-Farm Payrolls news events
Sergey Golubev, 2017.03.14 16:14
Intra-Day Fundamentals - Dollar Index, Bitcoin/USD and Gold (XAU/USD): U.S. Producer Price Index
2017-03-14 12:30 GMT | [USD - PPI]
[USD - PPI] = Change in the price of finished goods and services sold by producers.
Dollar Index M5: range price movement by U.S. Producer Price Index news events
Bitcoin/USD M5: range price movement by U.S. Producer Price Index news events
Gold (XAU/USD) M5: range price movement by U.S. Producer Price Index news events
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