Bitcoin right on resistance, possible drop!

27 Ara 2017

Price didn’t trigger our bearish scenario yesterday and instead rallied to a strong area of resistance at 15912 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to drive price down towards 12923 support (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at 17436 (Fibonacci retracement, horizontal swing high resistance).

Stochastic (34,5,3) is seeing major resistance below 99%.

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