Technical analysis [market] 2020 January 6 BTC ETH

Bitcoin Technical Analysis

Bitcoin (BTC / USD) slightly weaker in early Asian session today, after the pair was up to 7488.87 level yesterday, the North American session as low as 7434.56.

Late last week, the pair rose rapidly, from just above the technically important area rose to 7401.20 6841.36 levels, then before the new income cuts, traders in the new year experienced some volatility.

BTC / USD buyers met the offer wall located above the 7391.87 area, representatives from the 23.6% retracement of 6430.00 to 7688.99. A key level traders continue to focus on is 7231.40, which is 3128.89 - the 61.8% retracement of 13868.44 interval.

Many traders have concluded that, over the weekend foreign geopolitical pressures lead to lack of sustained buying pressure and the upward trend, reflecting the BTC / USD continued bearish sentiment. Above the current market level, the level of trading interest include 7568,8062,8213 and 8338 areas.

In the current market levels below the level of trader interest include 6910,6727,6538,6440 and 5941. 50 bar MA (per hour) recently broke the 100 bar MA (per hour) and 200 bar MA (per hour), which may lead to higher prices.

Average price activity closest to 50 (four hours per hour) and 50 moving average at 7,265.28 (per hour) at 7,366.73.

Technical support is expected at around 6526.00 / 6323.42 / 5941.26, it is expected to stop at the bottom.

Expected technical resistance around 7870.10 / 7927.23 / 8338.78, and stop bit at the top.

In FIG 4 hours, SlowK bearish below SlowD, and MACD bullish than MACDAverage.

On the graph 60 minutes, SlowK SlowD short in the following, in short and MACD MACDAverage less.

Ethernet Square Technical Analysis

Ethernet Square (ETH / USD) higher in the early part of today's Asian session, after the emergence of buying pressure in the European session near 134.75 region yesterday, the pair has shot up to 138.97 area.

Traders continue to assess the current market sentiment for the currency in the new year, especially in the external geopolitical pressures increased last week for the market after the temporary bid. Prior to these external pressures, Ethernet Square / dollar has been trading near 125.52, below the 126.04 level, which is the 23.6% retracement of 157.73 to 116.25.

Although buying pressure late last week was caused by non-technical factors, but the pair around 134.93 encountered technical resistance, representing 76.4% retracement of the recent devaluation fell to 125.53 from 137.85 in.

Late last week, 50 bar moving average (four hours) is also bullish, breaking the 100 bar MA (four hours), which is the technology development, generally consistent with the prices. Under the current market activity, traders are monitoring the level of 127.99,127.14,126.50,125.75,123.50 and 120.73 region.

In the current top market activity, traders are monitoring the level of 137.92,140.94,141.71,144.77 and 146.59 region. Traders are curious whether the pair remain above 137.61 level, representing the 23.6% retracement of 80.60 from 322.16 rose.

50 is closest to the price movement moving average (4 hours) 200 127.70 and moving average (per hour) at 127.60.

Technical support is expected around 119.50 / 115.60 / 111.17, it is expected to stop at the bottom.

Expected technical resistance at around 137.61 / 141.74 / 146.00, but is expected to stop at the top.

In FIG 4 hours, SlowK bearish below SlowD, and MACD bullish than MACDAverage.

60 minutes chart, SlowK than SlowD, and MACD above MACDAverage.