BTC/USD has broken major support $243 (trend line joining $213 and $225) and decline till $208 cannot be ruled out. Overall trend is bearish as long as resistance $255 holds.
It is facing short term support around $238 and any break below will drag the pair further down till $225/$208.
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell BTC/USD around $245, SL $255, Targets $225/$208.
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[2015-3-25] 6:57:12 GMT BTC\USD Short term outlook
Re: [2015-3-25] 6:57:12 GMT BTC\USD Short term outlook
Current Strategy
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
overcome fee costs
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
overcome fee costs
Re: [2015-3-25] 6:57:12 GMT BTC\USD Short term outlook
[2015-3-26] 06:26:56 GMT BTC/USD is trading with negative bias, expected to reach $208
BTC/USD has broken major support $243 (trend line joining $213 and $225) and declined till $235. Overall trend is bearish as long as resistance $255 holds.
It is facing short term support around $235 and any break below will drag the pair further down till $225/$208
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell BTC/USD around $245, SL $255, Targets $225/$208.
BTC/USD has broken major support $243 (trend line joining $213 and $225) and declined till $235. Overall trend is bearish as long as resistance $255 holds.
It is facing short term support around $235 and any break below will drag the pair further down till $225/$208
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell BTC/USD around $245, SL $255, Targets $225/$208.
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