BTC/USD breaks major support around $370, targets $350/$318

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
238 0 2
BTC/USD has broken major support $370 and declined till $363 at the time of writing. It is currently trading around $370

Intraday trend is weak s long as long as resistance $402 holds. On the higher side any break above $402 will take the pair to next level till $425/$450.

Any break below $370 confirms minor weakness , a decline till $350/$318 is possible.

Overall bullish invalidation below $315 (200 day MA).

It is good to sell on rallies around $370-75 with SL around $402 for the TP of $350/$318

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out