FxWirePro: BTC/USD trades well above $428, jump till $450/$465 is possible
Wednesday, April 20, 2016 7:53 AM UTC
- Major Resistance - $433
- BTC/USD has broken major resistance $433 (Apr 16th high) and jumped till $437.50 at the time of writing. It is currently trading around $436.
- Minor trend is bullish as long as support $416 (55 day 4H EMA) holds.
- On the lower side major support is around $415 and any break below $415 will drag the pair down till $400/$390 is possible.
- BTC/USD major resistance is around $440 and break above targets $450/$465.
It is good to buy at dips $430 with SL around $415 for the TP of $448/$465.
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