Type : Bearish Drop
Resistance : 20695
Pivot: 19390
Support : 18495
Preferred Case: On the H4, with price breaking out of an ascending channel and moving below an ichimoku indicator, we have a bearish bias that price will drop to pivot at 19390 where the swing low support and 127.2% fibonacci extension are. Should price break pivot structure, we would expect bearish momentum to carry price to 1st support at 18495 where the swing low support, -61.8% fibonacci expansion and 78.6% fibonacci projection are.
Alternative scenario: Alternatively, price could rise to 1st resistance at 20695 where the pullback resistance, 100% fibonacci projection and 23.6% fibonacci retracement are.
Fundamentals: After Fed Chair Powell reiterated that the Fed will tighten policy to bring down inflation , we have a bearish view on Bitcoin .
Resistance : 20695
Pivot: 19390
Support : 18495
Preferred Case: On the H4, with price breaking out of an ascending channel and moving below an ichimoku indicator, we have a bearish bias that price will drop to pivot at 19390 where the swing low support and 127.2% fibonacci extension are. Should price break pivot structure, we would expect bearish momentum to carry price to 1st support at 18495 where the swing low support, -61.8% fibonacci expansion and 78.6% fibonacci projection are.
Alternative scenario: Alternatively, price could rise to 1st resistance at 20695 where the pullback resistance, 100% fibonacci projection and 23.6% fibonacci retracement are.
Fundamentals: After Fed Chair Powell reiterated that the Fed will tighten policy to bring down inflation , we have a bearish view on Bitcoin .
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.