Hey guys, what do you think of the setup I have for Bitcoin here?
On the H4, with prices moving along an ascending trendline and above the ichimoku indicator, I have a bullish bias that price will rise to the 1st resistance at 20383.35 where the overlap resistance is. Should price breaks past the 1st resistance structure, I would expect price to rise to the 2nd resistance at 22794.62 where the swing high resistance is.
Alternatively, price could drop to 1st support at 18561.49 where the overlap support and 100% fibonacci projection are.
1st resistance: 20383.35 [Smile]
2nd resistance: 22794.62[Miser]
1st support: 18561.49 [Cry]
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