FxWirePro
Long

BTC/USD Short term outlook

BTCE:BTCUSD   Bitcoin / Dollar
171 4 2
BTC/USD has broken major resistance $285 and jump till $304 cannot be ruled out of $259. Overall trend is bullish as long as support $268 (55 day EMA ) holds.

It is facing short term resistance around $308 and any break above could pave the way for next target $342 ( 61.8% retracement of $162.68 and $454).

Any short term trend reversal can happen only below $268.Any break below will take the pair further down till $259/$250.Minor support is around $276.

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

Recommendation: Buy BTC/USD around $285, SL $275, Targets $304/$340.
It can get as high as 357 before slowing down significantly I think.
+1 Reply
FxWirePro PRO jangseohee
In 4 hour chart it has shown a break out (trend line joining $265 and $285).
+1 Reply
jangseohee FxWirePro
:-)
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out