FxWirePro
Long

BTC/USD struggles to break below $435, good to buy at dips

BITSTAMP:BTCUSD   Bitcoin / Dollar
172 0 4
Pattern Formed- Triple bottom

Major support - $435

BTC/USD has broken minor resistance $446 (55 day 4 H EMA). It is currently trading around $447.51.

The pair should break below $435 for further weakness.

Any break below $435 will drag the pair down till $420 (55 day EMA)/$385 (200 day EMA).The minor support is around $448.

On the higher side resistance is at $452 (200 day 4 HMA) and any indicative break above targets $456/$465/$470.

It is good to buy at dips around $445 with SL around $435 for the TP of $460/$470

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