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BTC/USD breaks minor trend line support, decline till $270 is possible

  • BTC/USD has broken minor trend line support around $318 (trend line joining $294 and $310) and is currently trading around $318.
     
  • On the downside minor support is around $318 and break below targets $294/$270.
     
  • The pair's minor resistance is around $330 and break above targets $356 (Nov 14th high)/$370.
     
  • Overall bullish invalidation only above $370 level.

It is good to sell on rallies around $320-25 with SL around $350 for the TP of $295/$270

 

 

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