Intraday trend-Bearish
BTC/USD has broken short term support $227 and decline till $217.Short term trend is weak as long as resistance $235 holds.
On downside major support is around $220 and any break below could pave way for next target $213/$208.
The pair’s minor resistance is around $235 and break above would extend gains till $245/$259.
Indicators (4 Hour chart)
Woodies CCI(14)- Sell
Recommendation: Sell BTC/USD around $225 SL $235, Targets $213/$208.
BTC/USD has broken short term support $227 and decline till $217.Short term trend is weak as long as resistance $235 holds.
On downside major support is around $220 and any break below could pave way for next target $213/$208.
The pair’s minor resistance is around $235 and break above would extend gains till $245/$259.
Indicators (4 Hour chart)
Woodies CCI(14)- Sell
Recommendation: Sell BTC/USD around $225 SL $235, Targets $213/$208.