BTC/USD faces strong support at $435, break below targets $400

• Major resistance -$470 (Apr 26th 2016)
   
• Major support - $435
   
• BTC/USD has once again slightly recovered after making a low of $435. It is currently trading around $442.
   
•  The pair should break below $435 for further weakness.
   
• Any break below $435 will drag the pair down till $420 (55 day EMA)/$385 (200 day EMA).The minor support is around $448.
   
• On the higher side resistance is at $470 and any indicative break above targets $504/$550.

It is good to sell below $435 with SL around $451 for the TP of $409/$400