BTC/USD takes support near 200 day 4HMA, good to buy at dips Long

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 3, 2015 6:26 AM

BTC/USD has made a low of $348 and started to recover from that level. Overall trend is still bullish h as long as support $340 holds.

Any break below $340 will drag the pair further down till $328/$320.

On the higher side major resistance is around $387 and above $393 will take the pair to new level $400/$420.

It is good to buy at dips at $360 with SL around $340 for the TP of $393/$420

Comments

TereMius

⋅ Dec 3, 2015 2:23 PM

Hey, I'm heppy to see your analysis on BTC aswell, great fan of your work! Do you think we are going to attempt a 61-78 retrace from the top?

ForexLane

⋅ Dec 3, 2015 6:32 AM