BTCUSD approaching resistance, potential drop!
BTCUSD is approaching our first resistance at 3882.5 (horizontal overlap resistance, 61.8%, 50%, Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 3651.8 (50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our resistance where we might see a 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) is also approaching our resistance where we might see a 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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