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BTC/USD Short term outlook

Monday, March 23, 2015 7:17 AM UTC

BTC/USD has recovered till $270 after making a low of $243(trend line joining $213 and $225). The pair's minor resistance is around $272 and any break above could pave way for next target $285/$291.
It is facing short term support around $250 and any break below will drag the pair further down till $243/$230.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Buy

Ichimoku- Neutral

Recommendation: Buy BTC/USD around $262, SL $249, Targets $280/$291.

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BTC/USD Short term outlook

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