[2015-3-25] 6:57:12 GMT BTC\USD Short term outlook

[kapetan]

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.

[kapetan]

Current Strategy

Indicators (4 Hour chart)

CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell

overcome fee costs

[kapetan]

more info here
http://www.fxempire.com/currencies/btc- ... l-studies/

[kapetan]

[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.