FxWirePro: BTC/USD takes support near 200 day 4HMA, good to buy at dips
BTC/USD has made a low of $250 and slightly recovered from that level. It is currently trading at $256. Short term trend is bullish as long as support $247 holds. The major support is around $247 (200 day MA) and break b…
BTC/USD has made a low of $250 and slightly recovered from that level. It is currently trading at $256. Short term trend is bullish as long as support $247 holds.
The major support is around $247 (200 day MA) and break below will drag the pair further down till $232/$220.
The pair's minor resistance is around $266 and any break above would extend gains till $276/$290.
Indicator (Daily chart)
CCI (50) -Sell
Ichimoku- Sell
We prefer to buy at dips around $255 with stop around $247 for the target of $275/$286.
