Tickmill
Short

Bitcoin testing major resistance!

BITSTAMP:BTCUSD   Bitcoin / Dollar
Bitcoin             is testing major resistance at 15194 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance, bearish divergence) and a strong drop could occur at this level to push price down to at least 12915 support ( Fibonacci extension , horizontal swing low support, Fibonacci retracement ).

Stochastic (34,5,3) is seeing major resistance below our 97% level of resistance and is also displaying bearish divergence vs price, signaling that a potential reversal is impending.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

This analysis is provided as general market commentary and does not constitute investment advice. We will not accept
Do you think it will still go down?
+1 Reply
God like awesome prediction happy new year
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Broke resistance, now going up?
+1 Reply
@gr33nberet, looks like false break
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Please share more of your views on BTCUSD, really love them..!
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Nice work! Thanks!
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