FxWirePro
Long

BTC/USD breaks major resistance around $409, targets $450

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
184 0 4
BTC/USD has broken major resistance $409 and jumped till $410.50 at the time of writing It is currently trading around $409.93. Short term trend is slightly bullish as long as support $390 holds.

On the higher side any break above $409 will take the pair till $424/$450.

The pair’s major support is around $390 and any break below will drag the pair further down till $370/$350.

Overall trend reversal only below $350.

It is good to buy at dips around $405-$407 with SL around $390 for the TP of $425/$450.

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