BTCUSD approaching support, potential bounce!
BTCUSD is approaching our first support at 3039 (61.8% Fibonacci extension , horizontal overlap support) where a strong bounce might occur above this level pushing price to our major resistance at 5026 (100% fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance ). 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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