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easyMarkets
Dec 28, 2018 2:31 AM

BTCUSD approaching support, potential bounce! Long

Bitcoin / DollarBitfinex

Description

BTCUSD is approaching our first support at 3665 (horizontal overlap support, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 3933 (horizontal swing high resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension).
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.
Comments
Boon2
BTCUSD H1 C UP. Checkout the idea detail's and update's for the complete picture.
UnknownUnicorn1615160
blah blah blah. People. It's time you use the black box approach and walk away from the charts and stop making stupid trades. Understand where interesting prices are located. Follow me for tips.

vitaminas
very know pattern Inverse head and shoulders prntscr.com/m0eono and the explanation here prntscr.com/m0eovx , right shoudler is preatty much done and the target is 5200
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