03/26/17 Bitcoin and Ethereum both broke through, be careful not to fall back down, the risk of American gold increases.
Bitcoin and Ethereum broke through the triangle, Bitcoin is relatively weak with a peak pin at 76000 temporarily still low volume, Ethereum broke through 2200 and reached a maximum of 2385. MACD is supporting upward momentum, continuing to rebound faces pressure from MA120 and the downward trend line.
The three major indices of the US stock market are currently in a downward trend, it has not yet hit the bottom, be patient and wait. According to the prince's prediction in January, there is a probability of testing last year's high points for support.
Gold and silver are still in high-level oscillation. The prince reminded earlier that the greater the pull of gold, the greater the risk. Despite the global situation being turbulent with various uncontrollable factors affecting it, we still follow the market's movements. The first viewpoint is that the distance to historical peaks and stage peaks is getting closer. If it falls below 4400, it is considered a historical peak. If it recovers above 4400, it will undergo stage adjustment and will rise again.
Bitcoin
The spike broke through the 74000 resistance, peaking at 76000. It is currently not an effective breakout, and caution is advised. If it falls back below 74000, it would indicate a false breakout and a rebound similar to 98000.
Currently, the daily line rebound is suppressed by MA60, and the MACD has been above the zero axis with a trend of aerial refueling, but further observation is needed. The fast and slow lines are trending upwards, and the OBV indicator has broken through the yellow line.
Support: 70000—72000
Resistance: 82000—85000
Ethereum
The daily line rebound is slightly stronger than Bitcoin with a triangular breakout, reaching a high of 2385. Currently, it stands above MA60 with upward pressure at MA120 price 2657, also close to the descending trend line.
The trading volume is shrinking, the MACD bars are above the zero axis, the fast and slow lines are trending upwards, and the OBV indicator has broken through the yellow line. The ETH/BTC exchange rate is also rebounding upwards.
On the altcoin side: CHZ, ZEN, OKB are all performing well.
Support: 2120—2200
Resistance: 2575—2770
