BTC/USD has broken major resistance around $265 and jump till $304 cannot be ruled out.
It is facing short term resistance around $285 and any break above could pave the way for next target $304(Jan 26th high).
Any short term trend reversal can happen only below $260.Any break below will take the pair further down till $246/$237.
Indicators (Daily chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
Recommendation: Buy BTC/USD around $270, SL $259, Targets $285/$304.
It is facing short term resistance around $285 and any break above could pave the way for next target $304(Jan 26th high).
Any short term trend reversal can happen only below $260.Any break below will take the pair further down till $246/$237.
Indicators (Daily chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
Recommendation: Buy BTC/USD around $270, SL $259, Targets $285/$304.