BTC/USD Short term outlook

BTCE:BTCUSD   Bitcoin / U.S. Dollar
167 4 2
BTC/USD has retreated till $272 after making a high of $299. Overall trend is bullish as long as support $275 (100 day 4HMA) holds.

It is facing short term resistance around $308 and any break above could pave the way for next target $342 ( 61.8% retracement of $162.68 and $454).

Any short term trend reversal can happen only below $272.Any break below will take the pair further down till $259/$250.

Indicators (4 Hour chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy

Recommendation: Buy BTC/USD around $280, SL $270, Targets $307/$340.
I hadn't seen your chart yesterday, but I was bearish already. But I didn't expect such a large and fast drop.
I don't like how it penetrated the cloud, for a long.
whether or not, the current daily trendline can hold is the key
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out