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BTC/USD trades flat, break above $380 targets $402

Tuesday, February 9, 2016 11:26 AM UTC

BTC/USD is trading in narrow range between $369-$380. It is currently trading around $373. Short term trend is slightly bullish as long as support $350 holds.
On the higher side the pair is facing strong resistance around $393 (55 day 4H EMA).Any break above $393 will take the pair till $402/$424/$450.
The pair's major support is around $350 and any break below will drag the pair further down till $320/$300.

It is good to buy at dips around $370-$375 with SL around $350 for the TP of $402/$423

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BTC/USD trades flat, break above $380 targets $402

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