Prices have reversed from pivot level in line with 161.8% Fibonacci extension and horizontal swing high resistance. Prices might push down towards horizontal overlap support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Stochastics is also at resistance, potential for reversal. If prices continue to push up, prices might face resistance from horizontal swing high resistance in line with 127.2% Fibonacci retracement and 100% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-reversing-from-pivot-potential-for-further-downside"
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