Bitcoin dropping strongly, potential for further drop!
Bitcoin has reacted nicely from our major resistance level at 10913 (Fibonacci retracement, horizontal swing high resistance, descending resistance, ichimoku cloud resistance) and is dropping nicely towards our major support at 9179 (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance at 93% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is seeing major resistance at 93% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results