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Add as a preferred source on Google FxWirePro: BTC/USD trades in narrow range, good to sell on rallies BTC/USD has broken major support $270 and it confirms short term weakness, a decline till $258 (200 day 4HMA) cannot be ruled out. The minor support is around $270 and break below will drag the pair further down till $25…
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BTC/USD has broken major support $270 and it confirms short term weakness, a decline till $258 (200 day 4HMA) cannot be ruled out.
The minor support is around $270 and break below will drag the pair further down till $258/$250.
The pair's minor resistance is around $280 and any break above would extend gains till $293/$300.
Indicator (4 Hour chart)
CCI (50) -Sell
Ichimoku- Sell
We prefer to go sell around $275 with stop around $281 for the target of $258/$251.
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