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easyMarkets
Jan 11, 2019 2:06 AM

BTCUSD approaching support, potential bounce! Long

Bitcoin / DollarBitfinex

Description

BTCUSD is approaching our first support at 3610 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a potential bounce might occur pushing price up to our major resistance at 4302 (horizontal swing high resistance, 61.8% fibonacci extension).

Stochastic (34, 5, 3) is approaching support where we might see a potential bounce in price.

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Comments
SirBulltard
Be careful trading solely based on fibonaccis.
TradeIndicators
We're looking for this bounce as well and taking home the profits on the last short signal that we got. Also locking in a HODL strategy with this low. Great TA!
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