- BTC/USD has broken short term resistance $238 (trend line joining $454 and $304) and jump till $267 cannot be ruled out.
- It is facing short term resistance around $258 (ichimoku cloud top) and any break above could pave the way for next target $267 (61.8% retracement of $304 and $208)/$280.
- Any short term trend reversal can happen only below $238.
Indicators (Daily chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
Recommendation: Buy BTC/USD around $248, SL $237, Targets $267/$280.
