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Tickmill
Feb 15, 2018 6:05 AM

Bitcoin has reached our major resistance, watch for reversal Short

Bitcoin / DollarBitfinex

Description

Bitcoin has shot up and reached our major resistance level at 9848 (near 10,000 psychological level, Fibonacci retracement, horizontal overlap resistance) and a strong reversal could occur at this level to push price down to 7938 support (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 92% where a corresponding reaction could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Comments
crypto008
I told you last days don't short BTC, and get hell out if you shorting and now its at BTC 9700 :) i can tell you now it will continue go up. I think people forget how much the United States means, and when the Senate meeting went as positive as it did means most countries will follow the United States, and not forbid but legitimize the cryptocurrency, they will have to do this or otherwise they'll be left behind.
crypto_higgi
why is almost every trade you alert or recco the same as MEX_Exchange, but you are 10 minutes later? Asking for a friend.
mjizu
you have helped me greatly thanks!
shashank1
Nice
fadihanafieh1
gd job maan, your chart doing will
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