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Long

BTC/USD breaks minor trend line resistance, targets $350

BITSTAMP:BTCUSD   Bitcoin / Dollar
153 0 2
BTC/USD has recovered from the low of $316 and jumped till $335. It is currently trading at $332

The pair has broken minor trend line resistance $333 ( trend line joining $356 and $350) but it should close above $336 (200 day 4 HMA ) in 4 hour chart for further bullishness.

Any close above $336 will take the pair to $350/$356. On the downside minor support is around $325 (55 day 4 HMA ) and break below confirms minor trend reversal a decline till $316/$310 is possible.

It is good to buy at dips $331-$332 with SL around $324 for the TP of $340/$350.
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