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.
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.