Bitcoin
Panjang

BTCUSD approaching support, potential bounce!

BTCUSD is approaching our first support at 3610 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a potential bounce might occur pushing price up to our major resistance at 4302 (horizontal swing high resistance, 61.8% fibonacci extension).

Stochastic (34, 5, 3) is approaching support where we might see a potential bounce in price.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Penafian