BTC/EUR has slightly declined after hitting high of 2284 on Jul 9th 2017 (CEXIO). The pair’s minor top is around 2347 and any minor bullishness can be seen above that level. It is currently trading around 2232 at press time.

Ichimoku analysis of 4-hour chart indicates:

Tenkan-Sen level: 2253

Kijun-Sen level: 2261

Major reversal level -2387 (200- 4H EMA)

Long-term trend remains to be bullish. BTC/EUR faces intraday resistance at 2285 (89- 4H EMA) and break above confirms minor bullishness.

Major resistance is around 2285 (89- 4H EMA) and any break above will take the pair to next level till 2347 (Jun 28th 2017 high)/2371 (200- 4H MA)/2466 (Jun 26th 2017 high). Short term support is seen at 2199 (Jul 8th 2017 low) and any break below will drag the pair down till 2130/2015/1770.

It is good to buy on dips around 2200 with SL around 2130 for the TP of 2380/2465.