BTCUSD Approaching Support, Potential Bounce

26 thg 11, 2018

BTCUSD is approaching our first support at 3059 (61.8% Fibonacci extension, horizontal overlap support) where a strong bounce might occur above this level pushing price to our major resistance at 5001 (100% fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.

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