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BTC/USD Short Term Outlook

Thursday, February 26, 2015 6:42 AM UTC

BTC/USD is consolidating between $220 and $243 and overall trend is weak as long resistance $246 (trend line joining $454 and $304).
On the downside minor support is around $228 and below will drag the pair further down till $220/ /$208.
The pair's minor intraday resistance is around $246 and break above will extend gains to $251/$265.

Indicators (4 Hours chart)

CCI (50) - Sell

CCI (14) - Sell

Ichimoku- Neutral

Recommendation: Sell BTC/USD around $237, SL $246, Targets $220/$210.

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BTC/USD Short Term Outlook

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