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BTC/USD is trading with negative bias, expected to reach $208

Thursday, March 26, 2015 6:26 AM UTC

BTC/USD has broken major support $243 (trend line joining $213 and $225) and declined till $235. Overall trend is bearish as long as resistance $255 holds.
It is facing short term support around $235 and any break below will drag the pair further down till $225/$208

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

Ichimoku- Sell

Recommendation: Sell BTC/USD around $245, SL $255, Targets $225/$208.

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BTC/USD is trading with negative bias, expected to reach $208

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