Intraday trend-Bearish
BTC/USD has retreated till $227 after making a high of $259 this confirms short term weakness a decline till $225 cannot be ruled out.
The pair’s minor resistance is around $240 and break above would extend gains till $248/$256.
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Buy
CCI (14) - Sell
Recommendation: Sell BTC/USD around $240 SL $250, Targets $225/$214.
BTC/USD has retreated till $227 after making a high of $259 this confirms short term weakness a decline till $225 cannot be ruled out.
The pair’s minor resistance is around $240 and break above would extend gains till $248/$256.
Indicators (4 Hour chart)
CCI (50) - Sell
CCI (14) - Buy
CCI (14) - Sell
Recommendation: Sell BTC/USD around $240 SL $250, Targets $225/$214.