Bitcoin has bounced perfectly, potential for further rise!
Bitcoin has bounced perfectly above our major support at 9119 (fibonacci retracement, extension, pullback support) and has also made a bullish exit of our descending resistance-turned-support line. This could potentially lead to a rise to 11813 resistance (Fibonacci retracement, extension, horizontal overlap resistance).
Stochastic (55,5,3) has bounced nicely from 6.8% with good upside potential.
Stochastic (55,5,3) has bounced nicely from 6.8% with good upside potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.