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BTC/USDT BinanceBTC/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: 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
by CryptoHellas
BTC/USDT BinanceBTC/USDT Binance 4H hollow candlesticks Since mid-March, a sideways movement continues between $25860 and $31000 as an All-Time High (ATH). In the present phase, a symmetrical triangle has been formed, where a price breakout is expected soon. The Support area occurs from the extension of the golden ratio of the last Fibonacci retracement. The Resistance area occurs, if we reverse the golden ratio of extension of the Fibonacci retracement starting from 15/03/2023. Another conclusion, is that the price is expected to fluctuate within the Descending triangle that has been formed since 06/05/2023, until the price breakout occurs. Finally, a hypothetical scenario is that the price may follow the slightly resized footprint (Bar Pattern), of a previous price movement (fractal). Bitcoin (BTC) = $26,928.54 -0.54% (1d) Market Cap: $1,126,847,982,844 24h Vol: $30,866,809,616 Dominance: BTC: 46.3% ETH: 19.4% Good Luck #CryptoHellas Team
by CryptoHellas