Bitcoin
Short

BTCUSD approaching resistance, potential drop!

BTCUSD is approaching our first resistance at 6738 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 6523 (horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci extension).
Stochastic (89,5,3) also approaching resistance and we might see a corresponding drop in price should it react off this level.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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