Bitcoin Forum

http://www.fxwirepro.com/data/charts/R1(BTCUSD).png.png

Intraday trend-Bearish

• BTC/USD has retreated till $235 after making a high of $259 this confirms short term weakness a decline till $225 cannot be ruled out.
• On downside major support is around $235 and any break below could pave way for next target $225/$213.
• The pair's minor resistance is around $250 and break above would extend gains till $258/$264.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14) - Sell

Recommendation: Sell BTC/USD around $240 SL $250, Targets $225/$214.

(Source: http://fxwire.pro/BTC/USD-Short-term-outlook-23497)

BTC/EUR Short Term Outlook [4/10/2015]

http://www.fxwirepro.com/data/charts/R3(BTCEUR).png.png

> BTC/EUR has broken major support 227 and this confirms short term weakness decline till 217 cannot be ruled out.

> On the upside minor resistance is around 238 (200 day 4HEMA) and any break above would extend gains till 249/257 in short term. The pair's short term support is around 224 and any break below will extend loss till 217/211.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14) - Sell     

Recommendation: Sell BTC/EUR around 234 SL 241, Target 217.

Your second image is broken.

Well yeah, today was again a day for the bears. Back-testing your indicators shows that they were pretty accurate, I guess  :'( :'( At least the sub-$200 claim is still unconfirmed!