Type: Bullish BreakoutKey Levels:Resistance: 26097.86Pivot: 24267.52Support: 22482.7Preferred Case:On the H4, with price moving within a bullish channel and above the ichimoku indicator, we have a bullish bias that price might rise to our pivot at 24267.52 where the pullback resistance is. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 26097.86 where the 161.8% fibonacci extension and 100% fibonacci projection are.Alternative Scenario:Alternatively, price could drop to 1st support at 22482.7 where the pullback support, 50% fibonacci retracement and 61.8% fibonacci projection are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-h4-or-potential-bullish-continuation"
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