FxWirePro
Long

BTC/USD Short term outlook

BTCE:BTCUSD   Bitcoin / Dollar
280 1 0
BTC/USD has recovered till $270 after making a low of $243( trend line joining $213 and $225). The pair’s minor resistance is around $272 and any break above could pave way for next target $285/$291.

It is facing short term support around $250 and any break below will drag the pair further down till $243/$230

Indicators (4 Hour chart)

CCI (50) – Sell

CCI (14) – Buy

Ichimoku- Neutral

Recommendation: Buy BTC/USD around $262, SL $249, Targets $280/$291.