BitcoinLong
BTCUSD Testing Support, Prepare For A Bounce!
BTCUSD is testing its support at 7481 (61.8% & 38.2% Fibonacci retracement, horizontal overlap support, ascending channel support) where price could rise to its resistance at 7729 (61.8% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4.6% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching its support at 4.6% where a corresponding bounce could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.