Type : Bullish Rise
Resistance : 21175
Pivot: 20650
Support : 20135
Preferred Case: On the H4, with price moving above the ichimoku cloud and within the ascending channel , we have a bullish bias that price will rise to the pivot at 20650 in line with the swing high resistance and 61.8% fibonacci projection . Once we have upside confirmation that price has broken past pivot , we would expect bullish momentum to carry price to the 1st resistance at 21175 where the swing high resistance, 100% fibonacci projection and -27.2% fibonacci expansion are.
Alternative scenario: Alternatively, price may drop to the 1st support level at 20135 in line with the swing low support, 61.8% fibonacci projection and 61.8% fibonacci retracement .
Fundamentals: The on-chain activity dropped by 13 per cent in early July from November's highs - levels last seen in the bear phases of 2018 and 2019, when Bitcoin was worth less than US$10,000, giving us a bearish view on bitcoin .
Resistance : 21175
Pivot: 20650
Support : 20135
Preferred Case: On the H4, with price moving above the ichimoku cloud and within the ascending channel , we have a bullish bias that price will rise to the pivot at 20650 in line with the swing high resistance and 61.8% fibonacci projection . Once we have upside confirmation that price has broken past pivot , we would expect bullish momentum to carry price to the 1st resistance at 21175 where the swing high resistance, 100% fibonacci projection and -27.2% fibonacci expansion are.
Alternative scenario: Alternatively, price may drop to the 1st support level at 20135 in line with the swing low support, 61.8% fibonacci projection and 61.8% fibonacci retracement .
Fundamentals: The on-chain activity dropped by 13 per cent in early July from November's highs - levels last seen in the bear phases of 2018 and 2019, when Bitcoin was worth less than US$10,000, giving us a bearish view on bitcoin .
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.