BTCUSD reversed off resistance, potential for further drop!
BTCUSD reversed off our first resistance at 4004 (100% Fibonacci extension, 61.8% Fibonacci retracement , horizontal overlap resistance) where a further drop might occur below this level pushing price down to our major support at 3677 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) reversed off our resistance where we might see a further drop below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55, 5, 3) reversed off our resistance where we might see a further drop below this level.
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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