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BTC/USD Short term outlook

Friday, April 24, 2015 5:46 AM UTC

BTC/USD is consolidating around $235 and $230 for the past two trading session. Overall trend is neutral and any trend reversal can happen only above $244 (trend line joining $269.90 and $258.80.
On the downside minor support is around $220 and any break below will drag the pair further down till $213.80/206 in short term.

Indicators (4 hours chart)

Woodies CCI (14) - Neutral

CCI (50) - Buy

Ichimoku- Neutral

Strategy: stand aside.

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BTC/USD Short term outlook

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