BTC/USD faces resistance around $273,good to sell on rallies

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
440 0 11
BTC/USD has made a high of $272.95 and started retreats from that level. It is currently trading at $267.The pair has almost formed a double top around $273 and any further movement can be seen only above that level.

The major resistance is around $273 and break above will take the pair to next target $280/$286.

The pair’s minor support is around $258 and any break below will drag the pair further down till $250/$245.

Bullish invalidation only below $245

Indicator ( Daily chart )

CCI (50) –Buy

Ichimoku- Buy

We prefer to sell on rallies around $266-68 with SL around $275 for the TP of $250/$246.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out