Type : Bullish Rise
Resistance : 25360
Pivot: 22500
Support : 20750
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 22500 where the pullback support is to the intermediate resistance at 24275 in line with swing high resistance and 61.8% fibonacci projection. Once there is upside confirmation of price breaking intermediate resistance, we would expect bullish momentum to carry price to 1st resistance at 25360 where the pullback resistance, 50% fibonacci retracement, 127.2% fibonacci extension and 78.6% fibonacci projection.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 20750 where the swing low support, 61.8% fibonacci retracement and 100% fibonacci projection are.
Fundamentals: Due to the announcement by the Federal Reserve that it was raising interest rates by 0.75 percentage points, we have a bullish view on Bitcoin.
Resistance : 25360
Pivot: 22500
Support : 20750
Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 22500 where the pullback support is to the intermediate resistance at 24275 in line with swing high resistance and 61.8% fibonacci projection. Once there is upside confirmation of price breaking intermediate resistance, we would expect bullish momentum to carry price to 1st resistance at 25360 where the pullback resistance, 50% fibonacci retracement, 127.2% fibonacci extension and 78.6% fibonacci projection.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 20750 where the swing low support, 61.8% fibonacci retracement and 100% fibonacci projection are.
Fundamentals: Due to the announcement by the Federal Reserve that it was raising interest rates by 0.75 percentage points, we have a bullish view on Bitcoin.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.