Bitcoin broke major support, potential for a big drop!
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BTCUSD has reacted off its major resistance level at 11740.0 (horizontal swing high resistance, 50% Fibonacci retracement ) and broke out of its short term ascending support line. A strong drop could occur at this level, pushing price down to our next major support at 9246.0 (horizontal overlap support, 100% Fibonacci extension , 50% Fibonacci retracement )
RSI (21) is also seeing a bearish exit and a corresponding drop in price might occur at this level.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.