Type: Bullish RiseKey Levels:Resistance: 51590.06Pivot: 46937Support: 45291.93Preferred Case:Price is currently at the horizontal support level, we can expect price to bounce from there in line with 78.6% Fibonacci projection towards 1st Resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is further supported by the MACD indicator where the MACD line crossed above the signal line.Alternative Scenario:Alternatively, price could push further down to the 1st Support in line with 127.2% Fibonacci projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-h4-or-short-term-bullish-bounce-14thdec"
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