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Short

BTCUSD approaching resistance, potential drop!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD is approaching our first resistance at 5855.2 (horizontal pullback resistance, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur to our major support at 4562.6 (50% Fibonacci retracement ).
Stochastic (34,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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