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FxWirePro: BTC/USD faces major resistance around $300, good to sell on rallies

Monday, October 26, 2015 7:52 AM UTC

BTC/USD has made a high of $296 and started to decline from that level. Short term trend is bearish as long as resistance $300 holds.

The pair's minor support is around $277 and any break below will drag the pair further down till $269/$258.
On the higher side any break above $300 will take the pair till $310/$317.

Indicator (Daily chart)

CCI (50) -Buy

Ichimoku- Buy

We prefer to sell on rallies around $290-92 with SL at $300 for the TP of $277/$268.

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FxWirePro: BTC/USD faces major resistance around $300, good to sell on rallies

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