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FxWirePro: USD/ CNY gains some upside momentum but still bearish

Whales Ditch Bitcoin, Go All-In on Altcoins: Massive Rotation Underway

Ripple's Bold Bet: $180K Bitcoin by New Year's 2026 – Garlinghouse's Epic Call Ignites Crypto Fireworks

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FxWirePro- Major Crypto levels and bias summary

FxWirePro- Major Crypto levels and bias summary

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FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption

FxWirePro: BTC/USD recovers after making a low of $294, good to sell on rallies

Thursday, November 12, 2015 5:54 AM UTC

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BTC/USD has broken major support $300 and declined till $294. It  is currently trading around $319. Short term trend is still bearish as long as resistance $350 holds.

  • On the downside major support is around $300 and break below targets $270/$256.
     
  • Any break above major resistance $350 will take the pair to new level $370/$400.
     
  • Overall bullish invalidation only above $400 level.

It is good to sell on rallies around $325-$330 with SL around $351 for the TP of $270/$256.

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