Type: Bullish BounceKey Levels:Resistance: 27156.43Pivot: 24676.23Support: 22483.65Preferred Case:On the H4, with price moving within a bullish channel as well as above the ichimoku indicator and RSI moving along an ascending trendline, we have a bullish bias that price will rise from our pivot at 24676.23 where the pullback support and 50% fibonacci retracement are to 1st resistance at 27156.43 where the 61.8% fibonacci retracement , -61.8% fibonacci expansion , 161.8% fibonacci extension and 100% fibonacci projection are.Alternative Scenario:Alternatively, price could break entry structure and drop to 1st support at 22483.65 where the pullback support and 61.8% fibonacci projection are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-h4-or-potential-bullish-continuation15"
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