BTC/USD has made a high $257 and retreats till $240 from that level. Overall trend is bullish as long as support $ 234 holds. Bullish invalidation can happen only below $235 level. The minor support is around $240 and br…
BTC/USD has made a high $257 and retreats till $240 from that level. Overall trend is bullish as long as support $ 234 holds.
Bullish invalidation can happen only below $235 level. The minor support is around $240 and break below will drag the pair further down till $232/$225.
Any break below will take the pair down till $218/$211.
The pair's major resistance is around $258 and any break above would extend gains till $269.
Indicator (Daily chart)
CCI (50) -Buy
CCI (14) - Buy
Ichimoku- Buy
We prefer to go buy around $243 with stop around $234 for the target of $269.
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