BitcoinShort
BTCUSD reversed off resistance, potential for further drop!
Price reversed off our first resistance (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur to our major support (horizontal pullback support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic is also approaching resistance and we are seeing a bearish divergence.
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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