Intraday trend-Bullish
BTC/USD has taken support at $243.80 (Trend line joining $24.08 and $236) and recovered from that level. Short term trend is bullish as long as support $243 holds.
On upside major resistance is around $251 (20 day MA) and any break above could pave way for next target $258/$269.
Indicators (Daily chart)
CCI (50) - Sell
CCI (14) - Buy
Ichimoku - Neutral
Recommendation: Buy BTC/USD around $249 SL $243, Targets $259/$268.
BTC/USD has taken support at $243.80 (Trend line joining $24.08 and $236) and recovered from that level. Short term trend is bullish as long as support $243 holds.
On upside major resistance is around $251 (20 day MA) and any break above could pave way for next target $258/$269.
Indicators (Daily chart)
CCI (50) - Sell
CCI (14) - Buy
Ichimoku - Neutral
Recommendation: Buy BTC/USD around $249 SL $243, Targets $259/$268.