BTC/USD Short term outlook

BTCE:BTCUSD   Bitcoin / U.S. Dollar
67 0
BTC/USD has recovered after making a low of $243. Overall trend is still weak if BTC/USD not able to close above $265 (200 day 4 Hour EMA ).

The pair’s minor resistance is around $265 and any break above could pave way for next target $272/$280.

It is facing short term support around $238 and any break below will drag the pair further down till $220/$210.

Indicators (4 Hour chart)

CCI (50) – Sell

CCI (14) - Sell

Ichimoku- Neutral

Recommendation: Sell BTC/USD around $257, SL $266, Targets $238/$220.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out