BTCUSD approaching support, potential bounce!
BTCUSD is approaching our first support at 4034.5 (horizontal pullback support, 50% fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 4119.1 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) 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.
Stochastic (55,5,3) 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.
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