BitcoinShort
BTCUSD is testing its resistance, potential reversal!
BTCUSD is testing its resistance at 6883 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially react off it, causing price to push all the way down to its 1st support at 6523.5 (61.8% Fibonacci extension x2, horizontal swing low support). If it breaks past this level, it could fall to its next support at 6434 (61.8% Fibonacci extension, horizontal swing low support). We have also identified another resistance at 7187 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (21, 5, 3) is approaching its resistance at 90% where a corresponding reaction could occur.
Stochastic (21, 5, 3) is approaching its resistance at 90% where a corresponding reaction 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.