FxWirePro: BTC/USD faces strong resistance at $425, good to buy at dips
Monday, March 14, 2016 7:37 AM UTC
- Major resistance - $425
- BTC/USD has broken minor resistance $415 and jumped till $421.91. It is trading around $414.
- Short term trend is slightly bullish as long as support $370 holds.
- On the lower side major support is around $370 and any break below $370 confirms minor trend reversal, decline till $350/$318 is possible. The minor support is around $400
- BTC/USD minor resistance is around $415 and break above targets $425/$450.
It is good to buy around $415-$418 with SL around $400 for the TP of $450/$465
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