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BTC/USD Short Term outlook

  • BTC/USD has retreated till $222 after making a high of $244 and short term bullishness can be seen only above $237.

  • Any break above $237will take the pair further up till $248/$257.

  • On the down side minor support is around $220 and any break below will take the pair further down till $224/$211.

 Indicator (4 Hours chart)

CCI (50) -Sell

CCI (14) - Buy

Ichimoku- Sell

We prefer to go sell on rallies around $230 with stop around $238 for the target of $210.

 

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