FxWirePro
Long

BTC/USD faces resistance around $465,break above targets $505

BITSTAMP:BTCUSD   Bitcoin / Dollar
450 2 5
Major resistance - $465

The pair is consolidating within narrow range between $465 and $436. It is currently trading around $446.

Short term trend is still bullish as long as support $425 holds.

Any break above major resistance confirms minor trend reversal a jump till $480/$502 is possible. Intraday trend reversal can be seen only below $425.

On the lower side below $425 will drag the pair to next level $400/$380.Overall trend reversal only below $380.

It is good to buy above $465 with SL around $445 for the TP of $480/$505


Khawaja
a year ago
Thanks for sharing your idea
Reply
blackswan
a year ago
actually if you have money to spend then anytime before it crosses 500 is a good time to buy. once this takes off, anything below 500 is going to look like best buy of the year.
Reply
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