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FxWirePro: BTC/USD faces short term resistance around $409, good to buy at dips

Tuesday, February 16, 2016 8:57 AM UTC

BTC/USD has slightly retreated after making a high of $409. It is currently trading around $398. Short term trend is slightly bullish as long as support $370 holds.
On the higher side any break above $409 will take the pair till $424/$450.
The pair's major support is around $380 and any break below will drag the pair further down till $350/$318.

It is good to buy at dips around $390 with SL around $370 for the TP of $450.

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FxWirePro: BTC/USD faces short term resistance around $409, good to buy at dips

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