16.05.201605:27:00UTC+00Fxwirepro: Btc/usd Trades Flat, Good to Sell on Rallies

• Major resistance -$470 (Apr 26th 2016)
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• BTC/USD has slightly recovered from the low of $448 made on Thursday. It is currently trading around $456.
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• Minor trend is slightly bearish as long as resistance $470 holds
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• The pair�s major support - $435 (55 day EMA) and any slight weakness can be seen only below $435.
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• Any break below $435 will drag the pair down till $420 (55 day EMA)/$385 (200 day EMA).The minor support is around $448.
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• On the higher side resistance is at $470 and any indicative break above targets $504/$550.

It is good to sell on rallies around $456-$458 with SL around $470 for the TP of $435/$420.