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2016.04.0803:03:00UTC+00Fxwirepro: Btc/usd Trades Well Above $400, Good to Buy at Dips

  • Major support   - $400
     
  • BTC/USD has slightly recovered till $422 after making a low of $403.It is currently trading around $420.66.
     
  • Short term trend is slightly bullish as long as support $400 holds.
     
  • On the lower side major support is around $400 and any break below $390 will drag the pair down till $380/$350 is possible.
     
  • BTC/USD major resistance is around $425 and break above targets $450/$465.The minor resistance is around $425.

     It is good to buy at dips around $410-$415 with SL around $400 for the TP of $450/$465.

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