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FxWirePro: BTC/USD faces strong resistance around $465, break above targets $480/$500

Major resistance - $465 The pair is consolidating within narrow range between $465 and $436. It is currently trading around $446. Short term trend is still bullish as long as support $425 holds. Any break above major res…

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FxWirePro: BTC/USD faces strong resistance around $465, break above targets $480/$500
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  • Major resistance - $465
     
  • The pair is consolidating within narrow range between $465 and $436. It is currently trading around $446.
     
  • Short term trend is still bullish as long as support $425 holds.
     
  • Any break above major resistance confirms minor trend reversal a jump till $480/$502 is possible. Intraday trend reversal can be seen only below $425.
     
  • On the lower side below $425 will drag the pair to next level $400/$ trend reversal only below $380.

It is good to buy above $465 with SL around $445 for the TP of $480/$505/$564

 

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