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FxWirePro: BTC/USD takes support near trend line around $220, good to buy at dips

Friday, September 25, 2015 7:55 AM UTC

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BTC/USD is facing strong support around $220 and any further weakness only below $220 level. It is currently trading at $224.95. Short term trend is weak as long as resistance $235 holds.

  •  The major resistance is around $235 and break above will take the pair to next target $250/$258.
     
  • The pair's minor support is around $220 and any break below will drag the pair further down till $210/$198.

 Indicator (4 Hours chart)

CCI (50) -Buy

Ichimoku- Buy

We prefer to buy around $228 with SL around $219 for the TP of $250.

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