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BTCUSD bounced off support, potential for a further rise!
BTCUSD bounced off our first support at 3039 (61.8% Fibonacci extension, horizontal overlap support) where a further rise might occur above this level pushing price to our major resistance at 5026 (100% fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance). Stochastic (21,5,3) bounced off support and we might see a further rise in price.
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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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