easyMarkets
Long

BTCUSD approaching support, potential bounce!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD is approaching our first support at 2988 (61.8% Fibonacci extension , horizontal overlap support) where a strong bounce might occur above this level pushing price to our major resistance at 3680 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance.

Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.

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In this video I explain how you can identify a reversal pattern on high timeframes.
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BTC recovery and bottom searching could 3k zone hold or fail? check this out to learn more.

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