Bitcoin Testing Its Resistance, Prepare For a Drop

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Sell below 9060. Stop loss at 9464. Take profit at 7821.
Reason for the trading strategy (technically):
We see price testing its major resistance at 9080 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , 50% Fibonacci retracement , horizontal swing high resistance) where we expect price to react off it, pushing it to its support at 7821 (50% Fibonacci retracement , horizontal pullback support). We do have to be cautious of the intermediate support at 8453 (100% Fibonacci extension , 61.8% Fibonacci extension , 23.6% Fibonacci retracement , horizontal pullback support).
Stochastic (89, 5, 3) tested its resistance at 96% where a corresponding reaction is expected.
Have ever predicted BTC right?
gracias por este aporte, sin embargo considero que existe la probabilidad de regrese sobre los 6900, a mediados de los primeros dias de mayo. lo incierto de las regulaciones y la situacion de yuan vs petroleo puede variar mucho
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out