FxWirePro
Long

BTC/USD breaks major resistance around $318,targets $353

BITSTAMP:BTCUSD   Bitcoin / Dollar
748 2 9
BTC/USD has broken major resistance $318 (Jul 2nd 2105) and jumped till $332. It is currently trading at $325.

The pair is facing trend line resistance around $338 ( trend line joining $298 and 317.99) and break above confirms further bullishness, a jump till $353/$380 is possible

Short term trend is bullish as long as support $313 holds.

On the downside any break below $313 will drag the pair further down till $300/$288.

It is good to buy at dips around $325 with SL around $313 for the TP of $338/$353


Just hit "play button", it seems like the July scenario is repeating. Unable to cross the big red line. Should we expect a BIG retracement ?
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Great as always!
p.s. didn't you fix your previous profit too early?
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