BTC/USD retreats after making a high of $272,good to buy at dip
BTC/USD has made a high of $273 and started retreats from that level. It is currently trading at $260.
Overall trend is still bullish as long as support $245 holds.
The major resistance is around $272 and break above will take the pair to next target $280/$286.
The pair’s minor support is around $245 and any break below will drag the pair further down till $240/$235.
Bullish invalidation only below $245
Indicator (Daily chart)
CCI (50) –Buy
Ichimoku- Buy
We prefer to buy at dips around $255-57 with SL around $245 for the TP of $272/$285.
Overall trend is still bullish as long as support $245 holds.
The major resistance is around $272 and break above will take the pair to next target $280/$286.
The pair’s minor support is around $245 and any break below will drag the pair further down till $240/$235.
Bullish invalidation only below $245
Indicator (Daily chart)
CCI (50) –Buy
Ichimoku- Buy
We prefer to buy at dips around $255-57 with SL around $245 for the TP of $272/$285.
