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BTC/USD Short term outlook

Intraday trend-Bearish BTC/USD has broken short term support $227 and decline till $ term trend is weak as long as resistance $235 holds. On downside major support is around $220 and any break below could pave way for ne…

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BTC/USD Short term outlook
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Intraday trend-Bearish

  • BTC/USD has broken short term support $227 and decline till $ term trend is weak as long as resistance $235 holds.

  • On downside major support is around $220 and any break below could pave way for next target $213/$208.

  • The pair's minor resistance is around $235 and break above would extend gains till $245/$259.

 Indicators (4 Hour chart)

Woodies CCI(14)- Sell

Recommendation: Sell BTC/USD around $225 SL $235, Targets $213/$208.

 

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