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
Comments
arnaudgaudin
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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 ?
oleg.golubovich
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Great as always!
p.s. didn't you fix your previous profit too early?