BTC/USD Short term outlook

• BTC/USD is trading around $290 and is facing resistance around $295 (trend line resistance joining $265 and $285). Overall trend is bullish as long as support $279 (55 day EMA) holds.
  
  
• It is facing short term resistance around $308 and any break above could pave the way for next target $342 (61.8% retracement of $162.68 and $454).
  
  
• Any short term trend reversal can happen only below $ break below will take the pair further down till $259/$ support is around $285(Kijun -Sen).

Indicators (4 Hour chart)

CCI (50) - Buy

CCI (14) - Buy

Ichimoku- Buy

Recommendation: Buy BTC/USD around $285, SL $274, Targets $307/$340.