BTC/EUR continuing its winning streak and hits fresh all- time high at 2242 at the time of writing and shown a minor profit booking . The pair has formed a minor bottom around 1908 on May 22nd 2017 and any minor weakness can be seen only below that level (CEXIO). It is currently trading around 2095.40 at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 2031

Kijun-Sen level: 1947

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

Long-term trend remains to be bullish. BTC/EUR upside capped by 161.8% fibo and any break above confirms further bullishness and a jump till 2042 likely.

Major resistance is around 2245 (61.8% projection from 1502 to 2108 till 1908) and any break above will take the pair to next level till 2425 (100% projection from 828 to 1750 from 1502). Short term support –2030 (4H Tenkan-Sen) and any break below will drag the pair down till 1947 (4H Kijun-Sen)/1907 (May 22nd 2017 low)/1502 (May 13th 2017).

It is good to buy on dips around 1850 with SL around 1500 for the TP of 2240/2425.