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

Posted: Wed Mar 25, 2015 2:48 pm
by 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.

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

Posted: Wed Mar 25, 2015 3:01 pm
by kapetan
Current Strategy

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

Posted: Wed Mar 25, 2015 5:44 pm
by kapetan

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

Posted: Thu Mar 26, 2015 10:42 pm
by 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.