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FxWirePro
Apr 14, 2015 6:18 AM

BTC/USD Short term outlook Short

Description

Intraday trend-Bearish

BTC/USD has broken short term support $227 and decline till 217.Short term trend is weak as long as resistance $235 holds.

On downside major support is around $220 and any break below could pave way for next target $213/$208.

The pair’s minor resistance is around $235 and break above would extend gains till $245/$259.

Indicators (4 Hour chart)

Woodies CCI(14)- Sell

Recommendation: Sell BTC/USD around $225 SL $235, Targets $213/$208.




Comments
AlexLopez
I'm not sure at all, but would like to point that maybe you want to avoid the word "Recomemendation" for any legal issues it might cause.
Hope to help, thanks for the idea!
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