Digital Currency

BTC/EUR Short term outlook

BTC/EUR has retreated after making a high of 224. Overall trend is weak as long as resistance 225 holds. On the upside minor resistance is around 225 (200 day 4HMA) and any break above would extend gains till 235/240 in …

By Lis HowellApr 28, 2015, 7:59 AM UTC

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BTC/EUR Short term outlook — Image from the original EconoTimes article

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BTC/EUR has retreated after making a high of 224. Overall trend is weak as long as resistance 225 holds.
On the upside minor resistance is around 225 (200 day 4HMA) and any break above would extend gains till 235/240 in short term. The pair's short term support is around 206 and any break below will extend loss till 200/193.

Indicators (4 Hours chart)

Woddies CCI (14) - Neutral

CCI (50) - Sell

Ichimoku- Neutral

We prefer to Sell BTC/EUR around 220 SL 229, Targets 208/200.

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