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Add as a preferred source on Google BTC/USD Short Term outlook BTC/USD has broken major resistance $269 and reached till $272. Overall trend is bullish as long as support $ 258 holds. Bullish invalidation can happen only below $242 level. The minor support is around $258 and break b…
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BTC/USD has broken major resistance $269 and reached till $272. Overall trend is bullish as long as support $ 258 holds.
Bullish invalidation can happen only below $242 level. The minor support is around $258 and break below will drag the pair further down till $248.
The pair's major resistance is around $269 and any break above would extend gains till $280/$292.
Indicator (4 Hour chart)
CCI (50) -Buy
CCI (14) - Buy
Ichimoku- Buy
We prefer to go buy around $265 with stop around $258 for the target of $280.
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