FxWirePro: BTC/USD faces strong resistance at $450, good to sell on rallies

• Major resistance - $450
   
• BTC/USD has formed almost a double top around $445 and declined from that level. It is trading around $418.
   
• Short term trend is slightly weak as long as resistance $450 holds.
   
• On the lower side major support is around $409 and any break below $409 confirms minor trend reversal, decline till $370/$350 is possible.
   
• BTC/USD major resistance is around $450 and break above targets $465/$505. The minor resistance is at $425/$440

It is good to sell on rallies around $425-$430 with SL around $450 for the TP of $400/$370