Long
BTCUSD Futures ( BTCUSD0 ), H4 Potential for Bullish Rise
Title: BTCUSD Futures ( BTCUSD0 ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 28972.4
Pivot: 25359.0
Support: 23864.4
Preferred case: Looking at the H4 chart, my overall bias for BTCUSD0 is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to rise from the pivot at 25359.0 and continue heading down towards the overlap resistance at 28972.4
Alternative scenario: Price may head back down to retest the support line at 23864.4 which is the overlap support and 38.2% Fibonacci line.
Fundamentals: There are no major news.
Type: Bullish Rise
Resistance: 28972.4
Pivot: 25359.0
Support: 23864.4
Preferred case: Looking at the H4 chart, my overall bias for BTCUSD0 is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to rise from the pivot at 25359.0 and continue heading down towards the overlap resistance at 28972.4
Alternative scenario: Price may head back down to retest the support line at 23864.4 which is the overlap support and 38.2% Fibonacci line.
Fundamentals: There are no major news.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.