BTC/USD has dropped sharply till $213 after making a high of $227.It’s minor support is around $208 and trading below will take BTC/USD to $203/$196.
On the upside minor resistance is around $221 and break above would extend gain to $227/$231.
Overall trend reversal only above $245.
Indicators (4 hour chart)
CCI (50) - Sell
CCI (14)- Sell
Ichimoku- Sell
Recommendation: Sell BTC/USD around $220, SL $227.10, Targets $208/203.
On the upside minor resistance is around $221 and break above would extend gain to $227/$231.
Overall trend reversal only above $245.
Indicators (4 hour chart)
CCI (50) - Sell
CCI (14)- Sell
Ichimoku- Sell
Recommendation: Sell BTC/USD around $220, SL $227.10, Targets $208/203.