Type: Bullish RiseKey Levels:Resistance:17595Pivot:16710Support:16090Preferred Case:Looking at the H4 chart, my overall bias for BTC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 17595, where the 61.8% Fibonacci line is.Alternative Scenario:Price could head back down to retest the pivot at 16710, where the 50% Fibonacci line is.Fundamentals:There are no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btc1-futures-btc1-h4-potential-for-bullish-rise"
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