FxWirePro: BTC/USD faces strong resistance around $450, good to buy at dips
Monday, February 22, 2016 6:06 AM UTC
- BTC/USD has broken major resistance $425 and jumped till $447. It is currently trading around $434. Short term trend is slightly bullish as long as support $425 holds.
- On the higher side any break above $450 will take the pair till $465/$480.
- The pair's minor support is around $425 and any break below will drag the pair further down till $410/$400.
- Short term trend reversal only below $390.
It is good to buy at dips around $435 with SL around $425 for the TP of $465/$480.