BTC/EUR has recovered till 2347 yesterday after making a low of 2051 on 27th Jun 2017 (CEXIO). The pair major support is around 2015 (Jun 15th low) and any bearish continuation can be seen below that level. It is currently trading around 2282 at the time of writing.

Ichimoku analysis of 4-hour chart indicates:

Tenkan-Sen level: 2216

Kijun-Sen level: 2254

Major reversal level -2357 (200- 4H MA)

Long-term trend remains to be bullish. BTC/EUR upside capped by 200- 4H MA and any break above confirms minor bullishness.

Major resistance is around 2357 (200- 4H EMA) and any break above will take the pair to next level till 2466 (Jun 26th 2017 high)/2550 (76.4% retracement of 2716 and 2015. Short term support is seen at 2254(4H Kijun –Sen) and any break below will drag the pair down till 2015/1770.

It is good to sell on rallies around 2300-2325 with SL around 2470 for the TP of 2050/1770.