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Long

BTCUSD approaching support, potential bounce!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD is approaching our first support at 3739.2 (horizontal pullback support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong bounce might occur to our major resistance at 4052.5 (horizontal swing high resistance, 61.8% Fibonacci retracement ).
Stochastic (34,5,3) is also approaching support where we might see a bounce.
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Thank you for your analysis! This is really intriguing.

We think the breakout is close.

For the first time since the beginning of the correction, we had such a strong bullish cross on MACD.

Q1 2021 min $300 000.

Take a look.

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