Quote from: yellowpage09 on May 06, 2015, 06:22:49 AM

BTC/USD is trading well above both short term resistance $237 (trend line joining $269.90 and $258.80) and also long term resistance $225 (trend line joining $299 and $257.48) and this confirms short term bullishness, a jump till $258 cannot be ruled out.

The pair's major resistance is around $244

On the down side short term weakness only below $224 and any break below will take the pair further down till $211.
Indicator (Daily chart)

CCI (50) - Buy

Woodies CCI (14) - Buy

Ichimoku- Buy

It is good to buy around $235 with stop around $224 for the target of $258.

(Source: http://fxwire.pro/BTC/USD-Short-Term-outlook-32776)

I'd be quite scared if we indeed go below $213 from here. Some serious panic might kick in, and depending on when it would happen, we'd be left with no more support lines or resistance lines that are broken. There's this slight bullishness that seems to persist currently, but I agree that it will be difficult to break above $244, we've established quite some resistance there!