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- BTC/USD has made a high of $502 and jumped till $502. It is currently trading at $390 has declined till $364 and recovered from that level.
- Short term trend is bearish as long as resistance $450 holds.
- The pair is facing major resistance around $453 (Nov 2014 high) and break above confirms further bullishness, a jump till $469/$500/$523 is possible
- On the downside any break below $354 will drag the pair further down till $320/$300
It is good to sell on rallies around $420-425 with SL around $450 for the TP of $355/$320
