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BTC/USD breaks major trend line resistance around $356, targets $400/$415

  • BTC/USD has broken major trend line resistance $356 (trend line joining $683 and $658) and jumped till $379 at the time of writing. It is currently trading at $379.
     
  • Short term trend is bullish as long as support $358 holds.
     
  • The pair is facing major resistance around $380 and break above confirms further bullishness, a jump till $400/$415/$450is possible
     
  • On the downside any break below $358 will drag the pair further down till $349/$337.

It is good to buy at dips around $375-78 with SL around $3358 for the TP of $415/$450

 

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