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Short

BTC/USD Short Term Outlook

BTCE:BTCUSD   Bitcoin / Dollar
108 0 0
BTC/USD made a low of $215 and recovered till $223.The BTC/USD is facing intraday major resistance around $225 (200 day HMA) and break above will take the pair to next target at $233

On the downside minor intraday support is around $215 and break below would drag the pair further down till $208/$200.

Overall trend reversal only above $245.

Indicators (1 hour chart)
CCI (50) - Sell
CCI (14)- Sell
Ichimoku- Sell

Recommendation: Sell BTC/USD around $223, SL $233, Targets $215/203.

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