TradingView
Tickmill
Jan 16, 2018 4:49 AM

Bitcoin on major support, potential bounce! Long

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin is seeing major support at 12953 (ABC Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push price up to at least 13753 resistance (Fibonacci retracement, breakout resistance level).

Stochastic (34,5,3) is seeing major support above 7.6% where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Comments
dolowobukla
Could you please explain your strategy a bit more for me to learn?
Damians
no support no resistance , kaput !
philipjterry
Even with shaky fundamentals right now?
More