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Short

BTC/USD faces strong support around $300, good to sell on rallie

BITSTAMP:BTCUSD   Bitcoin / Dollar
667 1 7
BTC/USD has made a low of $300 today at the writing and is currently trading around $314. Short term trend is still bearish as long as resistance $370 holds.

On the downside major support is around $300 and break below targets $270/$256.

Any break above major resistance $370 will take the pair to new level $400/$450.

Overall bullish invalidation only above $400 level.

The pair’s minor resistance is around $345

It is good to sell on rallies around $330 with SL around $370 for the TP of $270/$256

I had this idea too, but it didn't come quite like it. Now it's been too long and it could go the other way around.
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