empty
 
 

2016.05.2505:18:00UTC+00Fxwirepro: Btc/usd Struggles to Break Below $435, Good to Buy at Dips

  • 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

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback