Bitcoin dropping strongly, potential for further drop!

Bitcoin has reacted nicely from our major resistance level at 10913 (Fibonacci retracement, horizontal swing high resistance, descending resistance, ichimoku cloud resistance) and is dropping nicely towards our major support at 9179 (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing major resistance at 93% where a corresponding reaction could occur.

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Bitcoin (Cryptocurrency)bitcoinlongbitcoinshortBTCUSDbtcusdideabtcusdlongbtcusdshortChart PatternscryptoCryptocurrencyHarmonic PatternsTrend Analysis

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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