Type: Bullish BounceKey Levels:Resistance: 53613.64Pivot: 49485.42Support: 47219.93Preferred Case:We can expect price to bounce from pivot level in line with 38.2% Fibonacci retracement towards 1st Resistance in line with 161.8% Fibonacci projection and 61.8% Fibonacci retracement.Alternative Scenario:Alternatively, price could push further down from pivot level to 1st Support in line with 50% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-h4-or-short-term-bullish-continuation"
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