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Long

BTCUSD approaching support, potential bounce!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD is approaching our first support at 6446.8 (horizontal swing low support, 100% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 7419.1 (horizontal swing high resistance, 61.8% Fibonacci extension ).
Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
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