easyMarkets

BTCUSD testing resistance, potential for reversal!

Short
BITFINEX:BTCUSD   Bitcoin
Price is approaching our first resistance (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur to our major support (horizontal pullback support, 50% Fibonacci retracement). Stochastic is also approaching resistance.
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