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Short

BTC/USD Short Term Outlook

BTCE:BTCUSD   Bitcoin / U.S. Dollar
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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.
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