Technicals / Digital Currency

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FxWirePro: BTC/USD trades in narrow range, good to buy at dips

BTC/USD has made a high of $371 and started to decline from that level. It is currently trading around $356. Short term trend is bullish as long as trend line support $335 holds. Any break below $335 will drag the pair f…

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FxWirePro: BTC/USD trades in narrow range, good to buy at dips
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BTC/USD has made a high of $371 and started to decline from that level. It is currently trading around $356. Short term trend is bullish as long as trend line support  $335 holds.

  •  Any break below $335 will drag the pair further down till $328/$320.
  • On the higher side major intraday resistance is around $370 and above break above $370 will take the pair to new level $383/$395/$400.

It is good to buy at dips at $345-350 with SL around $334 for the TP of $395/$400

 

 

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