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Bitcoin analysis for September 25, 2017

September 25, 2017 Forex analysis review 0

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The Bitcoin (BTC) has been trading sideways at the price of $3.775. The news about China is still a big threat for buyers.Chinese bitcoin exchange ViaBTC has announced it will cease trading at the end of September – the second exchange in as many days to do so.According to an announcement, following the recent statement from the People’s Bank of China and other authorities on exchange regulation and ICO risks, ViaBTC has decided to shutter its China-facing website. The Techincal picture is still bearish and buyers are weak.

Trading recommendations:

According to the 1H time frame, I found strong resistance cluster at the price of $3.810. The strong support now became strong resistance, which is a sign that buying looks risky. There is also a broken rising wedge in the background, which is another sign of weakness. My advice is to watch for potential selling opportunities. Downward targets are set at the price of $3.463 and $2.978.

Support/Resistance

$3.810 –Resistance cluster (price action)

$4.000 – Major cluster resistance (price action)

$3.651 – Intraday support (price action)

$3.463 – Pattern objective target

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53 attacks on mosques and churches in Israel produce seven convictions

September 25, 2017 Middle East Monitor 0

More than 50 Christian and Muslim sites in Israel and the occupied West Bank have been attacked over the last eight years, but authorities have only filed nine indictments. According to official data reported by Haaretz, 53 mosques and churches have been vandalised since 2009 (the data goes up to July 2017). Yet only nine indictments have been filed, and only seven convictions handed down. 45 of the cases have been closed, with just eight still under investigation. The statistics from Israel’s Public Security Ministry shows that 11 investigations were opened in 2013, and five people convicted. 22 Christian and Muslim sites were vandalised in the period 2014-2016, while four such attacks were recorded in just the first half of […]

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Monday 25-09-2017 Outlook

September 25, 2017 James Trescothick 0

Welcome to the easyMarkets weekly outlook starting this Monday 25 September. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. Be sure to catch up with our Friday morning report…

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German Chancellor Merkel Secures Fourth Term in Office as AfD Surges

September 25, 2017 Bharat 0

Angela Merkel secured her fourth consecutive term as German Chancellor on Sunday, although the victory was bittersweet after a far-right populist party earned more seats than expected. Merkel’s centre-right CDU/CSU party won a projected 33% of the popular…

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