BTCUSD is approaching our first support at 3819 (61.8% & 100% Fibonacci extension , 78.6% Fibonacci retracement , horizontal swing low support) where a strong bounce might occur above this level pushing price to our major resistance at 4254 (100% fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance). Stochastic (89,5,3) is also approaching support and 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.
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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