BTC/USD is consolidating between $220 and $243 and overall trend is weak as long resistance $251 (trend line joining $454 and $304).
On the downside minor support is around $228 and below will drag the pair further down till $220/ /$208.
The pair’s minor intraday resistance is around $246 and break above will extend gains to $251/$265.
Indicators (4 Hours chart)
CCI (50) - Sell
CCI (14) - Buy
Ichimoku- Neutral
Recommendation: Sell BTC/USD around $237, SL $251, Targets $220/$210.
On the downside minor support is around $228 and below will drag the pair further down till $220/ /$208.
The pair’s minor intraday resistance is around $246 and break above will extend gains to $251/$265.
Indicators (4 Hours chart)
CCI (50) - Sell
CCI (14) - Buy
Ichimoku- Neutral
Recommendation: Sell BTC/USD around $237, SL $251, Targets $220/$210.