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FxWirePro- Major pair levels and bias summary

FxWirePro- Major Pair levels and bias summary

FxWirePro- BTCUSD Daily Outlook

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FxWirePro: BTC/USD faces resistance around $436, break above targets$ 466

Wednesday, January 6, 2016 9:38 AM UTC

Chart Pattern Formed- Ascending Triangle Pattern
BTC/USD declined till $426 yesterday and recovered from that level. It is currently trading around $430.74
hort term trend is still bullish as long as support $400 holds.
The pair's minor resistance is around $436 and any break above will take the pair to next level till $480/$502 is possible. Overall trend reversal can be seen only below $400.
On the lower side below $400 will drag the pair to next level $380/$ trend reversal only below $348.

It is good to buy at dips around $420 with SL around $400 for the TP of $465/$480

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FxWirePro: BTC/USD faces resistance around $436, break above targets$ 466

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