BTCUSD approaching support, potential bounce!
BTCUSD is approaching our first support at 6168 (horizontal swing low support, 61.8% Fibonacci extension) where a strong bounce could occur pushing price up to our major resistance at 6784 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce 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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