easyMarkets
Long

BTCUSD approaching support, potential bounce!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD is approaching our first support at 4024.7 (horizontal overlap support, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong bounce might occur to our major resistance at 4164.2 (horizontal swing high resistance, 76.4% Fibonacci retracement ).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.


Be careful with that long.
Reply
EMAS having been holding strong
Reply
This is getting so close to your support. We are in a short trade right now and we saw a break of the trendline and are looking for a break of this support to stay short. Thanks for the update guys!
Reply
We found a correlation between S&P500 and the price of BTC. In December 2018 we had a massive sell-off on S&P500. Some part of this money was pumped into BTC.

We think the correction on S&P500 is close. We may have additional money on BTC. We just need a couple of days more.

Reply
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