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Short

BTCUSD approaching resistance, potential drop!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD is approaching our first resistance at 3882.5 (horizontal overlap resistance, 61.8% Fibonacci extension , 61.8%, 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 3651.8 (horizontal swing low support, 50% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.
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Thanks! Check my medium term idea.

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