BTC/USD Short Term outlook

BTCE:BTCUSD   Bitcoin / U.S. Dollar
198 1
BTC/USD has broken major resistance $223 and so jump till $245 cannot be ruled out .

On the downside minor support is around $217.50 and below will drag the pair further down till $208 /$200.

The pair’s minor intraday resistance is around $229 and break above will extend gains to $245.

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

Recommendation: Buy BTC/USD around $225, SL $217, Target $244.

I became bullish when you posted your last bearish Bicoin chart showing me there is massive upside potential in the other direction. Because classic Forex traders on Tradingview seem so be more often wrong about Bitcoin, which behaves differently than classic Forex pairs :P
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