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BTC/USD breaks major resistance $351, targets $374/$395

Major resistance -$351 (17 Nov 2105 high) As per our analysis BTC/USD has broken major resistance $336 and jumped till $350.36 at the time of writing. The pair's next major resistance is around $351 and break above confi…

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BTC/USD breaks major resistance $351, targets $374/$395
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  • Major resistance -$351 (17 Nov 2105 high)
     
  • As per our analysis BTC/USD has broken major resistance $336 and jumped till  $350.36 at the time of writing.
     
  • The pair's next major resistance is around $351 and break above confirms minor trend reversal , a jump till $374/$400 is possible .
     
  • On the downside minor support is around $343 and break below targets $335 (200 day 4 HMA)/$328.
     
  • Minor trend reversal only below $335.

It is good to buy around $348-$350 with SL around $335 for the TP of $374/$398

 

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