BTCUSD approaching resistance, potential reversal!
BTCUSD is approaching our first resistance at 4643 (horizontal swing high resistance, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 4092 (100% Fibonacci extension , 61.8 % Fibonacci retracement ).
Stochastic (55,5,3) has reversed off resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) has reversed off resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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