Tickmill
Short

BTCUSD testing multiple resistances, possible bearish setup!

BITFINEX:BTCUSD   Bitcoin / Dollar

BTCUSD             is now testing multiple resistances (long term pullback to descending support-turned-resistance level, shorter term descending resistance, horizontal pullback resistance, Fibonacci retracement ) and a reaction could occur from this level to drive prices down to 5763 support ( Fibonacci extension , horizontal swing low support).

RSI (34) sees a long term descending resistance line hold price down really well and add bearish momentum to our setup.

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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This analysis is provided as general market commentary and does not constitute investment advice.
i think BTC is going with your chart
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update please Please tell me where to take it
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Finally some1 who know what hes doing
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Hallemahalle detroit313
@detroit313,
okay
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We're going to 5700 this time. 105 on LTC as well.
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