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FxWirePro:BTC/USD faces support around $370, good to buy at dips

Monday, January 25, 2016 6:55 AM UTC

BTC/USD has retreated till $374 after making a high of $422.98. It is currently trading around $396.
Short term trend is bullish as long as support $370 holds.
On the lower side any break below $370 will drag the pair down till $350/$315 (200 day MA).
The pair's resistance is around $425 and break above will take the pair to next level $450/$466.
Overall bullish invalidation below $315 (200 day MA).
Momentum indicator Stoch RSI - Buy .
MACD- Buy

It is good to buy at dips around $400 with SL around $370 for the TP of $450/$465

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FxWirePro:BTC/USD faces support around $370, good to buy at dips

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