BTC/USD Short Term outlook

BTCE:BTCUSD   Bitcoin / U.S. Dollar
85 0 0
BTC/USD has broken the minor resistance $228 and this confirms short term trend reversal a jump till $244 ( trend line joining $269.90 and $258.80) cannot be ruled out.

On the downside minor support is around $220 and any break below will drag the pair further down till $213.80/206 in short term.

Indicators (4 hours chart)

Woodies CCI (14) - Neutral

CCI (50) – Buy

Ichimoku- Buy

We prefer to buy BTC/USD around $227 SL $220, Targets $236/$244.

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