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BTC/EUR Short Term outlook

  • BTC/EUR has formed almost a triple bottom around 230 and any short term weakness can be senn only below that level.

  • On the downside any break below 230 will target 215/208.

  • The pair's minor resistance is around 256 and break above will take the pair till 274 in short term.

Indicators (4 hour chart)                                                                           

CCI (50) - Buy

CCI (14) - Buy

Ichimoku- Buy

Recommendation: Buy BTC/EUR around 240, SL 229, Targets 256/270.  

 

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