BTC/USDT Binance
4H hollow candlesticks
After a price rise of +25%, a Fibonacci channel has formed, combined with an Ascending triangle.
As there are also new Support & Resistance points.
From here, we can conclude the following:
It is worth noting that the volume has increased significantly.
Market Cap: $1.65T -0.04%
24h Vol: $45.94B -7.70%
Dominance:
BTC: 52.3%
ETH: 16.3%
Good Luck
#CryptoHellas Team
4H hollow candlesticks
After a price rise of +25%, a Fibonacci channel has formed, combined with an Ascending triangle.
As there are also new Support & Resistance points.
From here, we can conclude the following:
- At the end of the Ascending triangle, there will be a price break out.
- The price must break the golden ratio of the Fibonacci channel so that moves to higher levels.
- We can see a hypothetical price future move from a repeated previous move (Bar Pattern / Fractal) from early November 2023.
It is worth noting that the volume has increased significantly.
Market Cap: $1.65T -0.04%
24h Vol: $45.94B -7.70%
Dominance:
BTC: 52.3%
ETH: 16.3%
Good Luck
#CryptoHellas Team
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4H hollows
The price closed right at the Support Level, which is also the extension of the golden section of the Fibonacci Retracement.
Fractal (Bar Pattern) predicts future price movement.
Trade active
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4H hollows
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Related publications
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.