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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

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