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Bitcoin testing major resistance!

BITSTAMP:BTCUSD   Bitcoin / Dolar
Bitcoin             is testing major resistance at 15194 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance, bearish divergence) and a strong drop could occur at this level to push price down to at least 12915 support ( Fibonacci extension , horizontal swing low support, Fibonacci retracement ).

Stochastic (34,5,3) is seeing major resistance below our 97% level of resistance and is also displaying bearish divergence vs price, signaling that a potential reversal is impending.

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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This analysis is provided as general market commentary and does not constitute investment advice.
Do you think it will still go down?
+1 Balas
God like awesome prediction happy new year
Balas
Broke resistance, now going up?
+1 Balas
@gr33nberet, looks like false break
Balas
Please share more of your views on BTCUSD, really love them..!
Balas
Nice work! Thanks!
Balas
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