BTCUSD is approaching our first support at 3775.9 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 4065.0 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
I Agree with you chart and would lvoe to know your thoughts on TNB because of its recent action!
TradeIndicators
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Well, you nailed the first support! We got an alert for the support break and are holding our short trade with a stop loss that has us in the profit. Also setting a buy stop order at the blue line so make sure we don't miss the breakout to the upside. Love how you guys keep it simple :) You have our like and follow.
Safe_Signal
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Please take a look at our BTC chart and leave your comment. Thanks.
TradingShot
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It is approaching your 1st support,, let's see if it holds. Personally I think it is better to wait for 3400 - 3500 before buying.