BTC/USD faces resistance around $400, break above targets $450

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
415 1
Major resistance- $400 ( trend line joining $356 and $383)

The pair has made a high of $399.85 and slightly declined from that level. Intraday trend is bullish as long as support $378 holds.

Any break below $378 will drag the pair till $367/$360. Short term trend reversal only below $365.

On the higher side any break above $400 will take the pair to next level $420/$450.

Overall weakness only below $340.

It is good to buy above $400 with SL around $377 for the TP of $420/$450.
Korean korbit exchange also shows up trends both in price & volume .
Happy winter and love from South Korea
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