Digital Currency

BTC/EUR Short Term Outlook

BTC/EUR has slightly recovered till 243.43 after making a low of 224 and intraday trend is bearish as long as resistance 249 (200 day 4HMA) holds. On the upside minor resistance is around 238 (Kijun-Sen) and any break ab…

By Lis HowellApr 7, 2015, 10:37 AM UTC

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BTC/EUR has slightly recovered till 243.43 after making a low of 224 and intraday trend is bearish as long as resistance 249 (200 day 4HMA) holds.
On the upside minor resistance is around 238 (Kijun-Sen) and any break above would extend gains till 249/257 in short term. The pair's short term support is around 235 and any break below will extend loss till 230/223.

Indicators (4 Hour chart)

CCI (50) - Buy

CCI (14) - Sell

Recommendation: Sell BTC/EUR around 240 SL 249, Targets 230/224.

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