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Add as a preferred source on Google FxWirePro: BTC/USD struggles to break below $435, good to buy at dips Pattern Formed- Triple bottom Major support - $435 BTC/USD has broken minor resistance $446 (55 day 4 H EMA). It is currently trading around $447.51. The pair should break below $435 for further weakness. Any break below…
By FxWire Pro May 25, 2016, 9:18 AM UTC
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Pattern Formed- Triple bottom
Major support - $435
BTC/USD has broken minor resistance $446 (55 day 4 H EMA). It is currently trading around $447.51.
The pair should break below $435 for further weakness.
Any break below $435 will drag the pair down till $420 (55 day EMA)/$385 (200 day EMA).The minor support is around $448.
On the higher side resistance is at $452 (200 day 4 HMA) and any indicative break above targets $456/$465/$470.
It is good to buy at dips around $445 with SL around $435 for the TP of $460/$470
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