FxWirePro
Long

BTC/USD forms triple bottom at $220,jump till $250 is possible

BITSTAMP:BTCUSD   Bitcoin / Dollar
451 1 9
BTC/USD is facing strong support around $220 and any further weakness only below $220 level. It is currently trading at $224.95. Short term trend is weak as long as resistance $235 holds.

The major resistance is around $235 and break above will take the pair to next target $250/$258.

The pair’s minor support is around $220 and any break below will drag the pair further down till $210/$198.

Indicator (4 Hours chart)

CCI (50) –Buy

Ichimoku- Buy

We prefer to buy around $228 with SL around $219 for the TP of $250
You never gave an explanation for the 250 target?
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out