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coinkilavuz
Oct 22, 2018 3:45 AM

Bitcoin Long

Bitcoin / DollarBitfinex

Description

As long as it remains above 6445, it can be expected to target 6925 levels.
Comments
easyMarkets
Nice idea on BTCUSD and there may be bullish potential as you have identified. The 1st support that we have identified is at 6456 which is near your support level of 6445. It is a horizontal swing low support, 100% Fibonacci extension and a 78.6% Fibonacci retracement. Stochastic is approaching its support at 7.07% where a corresponding bounce could occur. If a potential bounce does occur, we may want to look at 7424.6 resistance level. It is a horizontal swing high resistance, 61.8% Fibonacci extension and a 76.4% Fibonacci retracement. Looking forward to see how things develop.

Please have a look at our idea and we would like to hear your thoughts.
easyMarkets
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