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BTC/EUR Short term outlook

BTC/EUR declined till 204 after making a high of 218. Short term trend is weak as long as resistance 213 holds. On the upside minor resistance is around 213 and any break above would extend gains till 235/240 in short te…

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BTC/EUR Short term outlook
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  • BTC/EUR declined till 204 after making a high of 218. Short term trend is weak as long as resistance 213 holds.

  • On the upside minor resistance is around 213  and any break above would extend gains till 235/240 in short term. The pair's short term support is around 204 and any break below will extend loss till 200/193.

Indicators (Daily chart)

 CCI (14) - Buy

CCI (50) - Sell

Ichimoku- Sell   

We prefer to Buy BTC/EUR around 217 for the target of 205 with stop around 225.

 

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