Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add support to this bias, price has also broken above a bullish ascending channel. If this bullish momentum continues, expect the price to possibly continue heading towards the 1st resistance at 20068.00, where the 78.6% Fibonacci line is. In an alternative scenario, price could possibly head back down to retest the 1st support at 18150.00, where the previous high is..
Trading Recommendation
Entry: 18150.00
Reason for Entry: Retest 1st support
Take Profit:20068.00
Reason for Take Profit: 1st resistance
Stop Loss: 16446.00
Reason for Stop Loss:
2nd support
