BTCUSDT Binance4H hollow candlesticks
After the price breakout, we saw an all-time high (ATH) at $31000.
The beginning of the Support area, results from the extension of the upper point of the first Fibonacci retracement, combined with the extension of the golden ratio of the second Fibonacci retracement.
It seems that an uptrend parallel channel has been formed.
Conclusion:
The price is expected to fluctuate, within the uptrend parallel channel and the Support & Resistance areas.
Bitcoin Price (BTC) = $30.460,23 -0.84%
= 14.47 ETH -0.67%
Market Cap: 278.166.387.330
24h Vol: $47.878.436.872
Dominance: BTC: 46.1%
ETH: 19.8%
Good Luck
#CryptoHellas Team
Trade active
The extension of the Golden ratio, of the first Fibonacci retracement, is now our main and strong support area.If price breaks this Support level, it will drop further.
Else, there is going to be a movement inside the new symmetrical triangle.
Trade active
A quick update...Trade closed: target reached
The extension of the Golden ratio, of the first Fibonacci retracement, held up the price as a strong support area.Now I guess we are going for ATH...
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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.