Bitcoin right below resistance, potential for bullish breakout!

5 במרץ 2018

Bitcoin is seeing major resistance at 11694 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) which needs to be broken to open a potential rise to 12985 resistance (Fibonacci retracement, horizontal overlap resistance). It’s important to note that we’ve seen a bullish exit of our long term descending resistance-turned-support line too signaling a change in momentum from bearish to bullish. We’re also holding really well above our Ichimoku cloud support.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.