BTC/USD Short Term outlook

BTCE:BTCUSD   Bitcoin / U.S. Dollar
154 0 0
BTC/USD is trading well above both short term resistance $237 ( trend line joining $269.90 and $258.80) and also long term resistance $225 ( trend line joining $299 and $257.48) and this confirms short term bullishness, a jump till $258 cannot be ruled out.

On the down side short term weakness only below $224 and any break below will take the pair further down till $211.
Indicator ( Daily chart )

CCI (50) - Buy

Woodies CCI (14) – Buy

Ichimoku- Buy

It is good to buy around $235 with stop around $224 for the target of $258.
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