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BTC/USD Short Term outlook

  • BTC/USD has broken short term resistance $235 and this confirms short term bullishenss, a jump till $258 cannot be ruled out.

  • Bullish invalidation can happen only below $225 level.

  • Any break below will take the pair down till $218/$211.

  • The pair' minor resistance is around $245 and any break above would extend gains till $258 .

 Indicator (Daily chart)

CCI (50) -Buy

CCI (14) - Buy

Ichimoku- Buy

We prefer to go buy at dips around $233 with stop around $225 for the target of $245/$258.

 

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