FxWirePro: BTC/USD retreats from higher levels, good to sell on rallies
BTC/USD is facing strong resistance $290 and any break above confirms short term bullishness. Short term trend is still bearish as long as resistance $ 290 holds. The minor support is around $278 and break below will dra…
BTC/USD is facing strong resistance $290 and any break above confirms short term bullishness. Short term trend is still bearish as long as resistance $ 290 holds.
The minor support is around $278 and break below will drag the pair further down till $260/$250.
The pair's minor resistance is around $290 and any break above would extend gains till $300/$310.
Indicator (Daily chart)
CCI (50) -Buy
Ichimoku- Neutral
We prefer to sell around $280 with stop around $290 for the target of $270/$260.
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