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FxWirePro: BTC/USD recovers after making a low of $192, good to buy at dips

BTC/USD has recovered after making a low of $192 and is currently trading at $223. Short term trend is bullish as long as support $210 holds. The minor resistance is around $220 and break above will take the pair to next…

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FxWirePro: BTC/USD recovers after making a low of $192, good to buy at dips
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  • BTC/USD has recovered after making a low of $192 and is currently trading at $223. Short term trend is bullish as long as support  $210 holds.

  •  The minor resistance is around $220 and break above will take the pair to next target $235/$248.

  • The pair's minor support is around $210 and any break below will drag the pair further down  till $200/$192.

 Indicator (Daily chart)

CCI (50) -Sell

Ichimoku- neutral

We prefer to buy at dips around $220 with stop around $209 for the target of $235/$248

 

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