BTCUSD Reversed off Resistance, Potential For Further Drop

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD has reversed off our first resistance at 5336 ( 61.8% Fibonacci extension , horizontal pullback resistance) where a strong drop might occur below this level pushing price down to our major support at 4225 (61.8% Fibonacci extension , horizontal swing low support). Stochastic (55, 5, 3) has also reversed off our resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : https://www.easymarkets.com/
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out