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BTC/USD Short term outlook

Thursday, April 23, 2015 5:17 AM UTC

BTC/USD has broken the minor resistance $228 and this confirms short term trend reversal a jump till $244 (trend line joining $269.90 and $258.80) cannot be ruled out.
On the downside minor support is around $220 and any break below will drag the pair further down till $213.80/206 in short term.

Indicators (4 hours chart)

Woodies CCI (14) - Neutral

CCI (50) - Buy

Ichimoku- Buy

We prefer to buy BTC/USD around $227 SL $220, Targets $236/$244.

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BTC/USD Short term outlook

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