FxWirePro: BTC/USD consolidates in narrow range, good to sell on rallies

• Major resistance -$470 (Apr 26th 2016)
   
• BTC/USD has once declined till $452 at the time of writing after making a high of $455.55 today. It is currently trading around $452.27.
   
• Minor trend is slightly bearish as long as resistance $470 holds
   
• The pair’s major support - $435 (55 day EMA) and any slight weakness can be seen only below $435.
   
• Any break below $435 will drag the pair down till $420 (55 day EMA)/$385 (200 day EMA).The minor support is around $458 (7 day EMA.
   
• On the higher side resistance is at $470 and any indicative break above targets $504/$550.

It is good to sell on rallies around $455 with SL around $470 for the TP of $435/$420.