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Bitcoin dropping strongly, approaching major support!

Por Tickmill
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Bitcoin is dropping really strongly and is approaching major support at 9109 (Multiple Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at least 11772 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,5,3) is seeing major support at 7.2% and a corresponding bounce could occur at this level.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Bitcoin (Cryptocurrency)bitcoinideabitcoinlongbitcoinshortbtcusdideabtcusdlongbtcusdshortChart PatternscryptoCryptocurrencyHarmonic PatternsTrend Analysis
Tickmill
Corretora
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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