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BTC/EUR Short term outlook

BTC/EUR is struggling to close above 219 (200 day 4HMA) and any trend reversal can happen only above that level. On the upside minor resistance is around 219 (200 day 4HMA) and any break above would extend gains till 235…

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BTC/EUR Short term outlook
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  • BTC/EUR is struggling to close above 219 (200 day 4HMA) and any trend reversal can happen only above that level.

  • On the upside minor resistance is around 219 (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)

 CCI (14) - Buy  

CCI (50) - Sell

Ichimoku- Sell   

We prefer to sell on rallies around 214 for the targets of 206/200 with stop around 220  

 

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