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BTC/USD Short term outlook

Friday, February 27, 2015 6:14 AM UTC

BTC/USD has broken short term resistance $238 (trend line joining $454 and $304) and jump till $265 cannot be ruled out.
Any short term trend reversal can happen only below $225.

Indicators (Daily chart)

CCI (50) - Buy

CCI (14) - Buy

Ichimoku- Buy

Recommendation: Buy BTC/USD around $235, SL $225, Targets $251/$265.

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BTC/USD Short term outlook

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