BTC/EUR continuing its winning streak and hits fresh all- time high at 2485 at the time of writing after breaking yesterday high of 2301 levels (CEXIO). The pair has formed a minor bottom around 1908 on May 22nd 2017 and any minor weakness can be seen only below that level. The pair is currently trading at 2458.99 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 2231

Kijun-Sen level: 2122

Major reversal level -1900 (May 22nd 2017 low)

Long-term trend remains to be bullish. BTC/EUR has once hits fresh all time high and this shows bullish continuation, a jump till 2775 likely.

Major resistance is around 2515 (100% projection from 1502 to 2108 till 1908) and any break above will take the pair to next level till 2775 (138.2% projection from 828 to 1750 from 1502). Short term support is seen at 2188 (10 4H MA) and any break below will drag the pair down till 2100 (21 4H EMA)/1907 (May 22nd 2017 low)/1502 (May 13th 2017).

It is good to buy on dips around 2200 with SL around 2000 for the TP of 2485/2775.