Categories
Bitcoin

$BTCUSD : Kumo resistance

The regulators are starting to look at how they can regulate bitcoins.

The lowest it went was around US$400 before it quickly rebounded back in Feb 25.

With the rebound, I think that represent interests and a good base.

From the Ichimoku chart, we can see that $BTCUSD is forming a base around $630 range.

I believe, if it breaks through the kumo resistance and the immediate Tenkan sen around $647, it will go all the way to US$700.

Note:

$BTCUSD is volatile. As such, have your exit strategy in place.

Categories
Tech

$AAPL . Bearish cross and support

Screen Shot 2013-09-17 at 2.06.41 AM

$AAPL continues to gap down on news that China Mobile is reducing its subsidy for iPhone 5c; a move that may have an impact on the sales.

Currently, on the Ichimoku chart, a bearish cross is seen with a critical support level at $453.84 .

Should the price level close below this or unable to bounce off from this level, given the thin kumo support below, it is likely $AAPL will drop to $392.

 

Categories
Tech

$BBRY : Blackberry trading at Ichimoku support

 

$BBRY at kumo support
$BBRY at kumo support

 

$BBRY falls with the rest of the market. It is currently trading just at the kumo support.

The kumo is thin; suggesting support is weak.

If it breaks, we are targeting a price below $13 around $12.50 as first support.