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Short

BTC/EUR Short Term Outlook

BTCE:BTCEUR   Bitcoin / Euro
151 0 1
BTC/EUR has retreated after making a high of $216.It’s minor support is around $190 and trading below will take BTC/USD to $184.80/$181.85.

On the upside minor resistance is around $200 and break above would extend gain to $206/$210.

Overall trend reversal only above $217.

Indicators (4 hour chart)
CCI (50) - Sell
CCI (14)- Sell
Ichimoku- Sell

Recommendation: Sell BTC/EUR around $197-98, SL $206, Targets $190/185.
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