Bitcoin Approaching Its Support, Prepare For A Breakout!

3 พ.ค. 2018

BTCUSD is approaching its support at 9208 (38.2% Fibonacci retracement, horizontal overlap support) where if it breaks this level, price could potentially fall to its support at 8447 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support). We do have to be cautious of the intermediate support at 8796 (61.8% Fibonacci extension, horizontal swing low support).
Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding reversal drop could happen.