BTCUSD approaching resistance, potential drop!
BTCUSD is approaching our first resistance at 4320.0 (horizontal swing high resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension, Elliot wave structure) where a strong drop might occur to our major support at 3867.2 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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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