FxWirePro
Long

BTC/USD Short term outlook

BTCE:BTCUSD   Bitcoin / Dollar
136 1 1
BTC/USD is currently trading around $276 after making low of $259. Overall trend is bullish as long as support $264 (55 day EMA) holds.

It is facing short term resistance around $285 and any break above could pave the way for next target $304(Jan 26th high).

Any short term trend reversal can happen only below $264.Any break below will take the pair further down till $250/$239.

Indicators (4 Hour chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy

Recommendation: Buy BTC/USD around $275, SL $264, Target $304.
ChartArt
2 years ago
This might be the first time I agree with your chart :) Yes, I'm also bullish here.
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