BTCUSD Approaching Support, Potential Bounce
BTCUSD is approaching our first support at 3059 (61.8% Fibonacci extension, horizontal overlap support) where a strong bounce might occur above this level pushing price to our major resistance at 5001 (100% fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support). Stochastic (89,5,3) is also approaching support and 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.
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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