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Long

BTC/USD breaks major resistance $470, targets $504/$538

BITSTAMP:BTCUSD   Bitcoin / Dollar
408 1 5
Major resistance - $470 (26th Apr             )

Major support -$450

The pair has broken major resistance $470 and jumped till $472 at the time of writing. It is currently trading around $470.99.

Short term trend is bullish as long as support $450 holds. Any break below $450 will drag the pair down till $440/$435. Overall bullish invalidation only below $435.

On the higher side break above $470 will take the pair till $504/$538 in short term.

It is good to buy at dips around $465-$468 with SL around $450 for the TP of $504/$538.
bingo. bought in at 467. onward and upward!
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