BTC/USDT #Binance #TA #tradingview
1D Hollow Candlesticks

🔗 https://www.tradingview.com/chart/BTCUSDT/QMTy5paw-BTC-USDT-Binance/ 🔗

After a price correction, a support area results from extending the golden ratio of the last Fibonacci retracement.
Also, there are multiple resistance levels, with the price needing to break $73.777 to move higher.

A symmetrical triangle chart pattern has been formed, as it is a period of consolidation before the price is forced to break out or down.
A breakdown from the lower trend line marks the start of a new bearish trend, while a breakout from the upper trend line indicates the beginning of a new bullish trend.

Since the starting of the previous bull run, a resized fractal (bar pattern) show a possible price movement.
In a long run, a forecast indicator shows a target at 100K.

Market Cap: $2.32T -1.02%

24h Vol: $34.73B -4.50%

Dominance: BTC: +54.3%
ETH: +18.1%

Good Luck

CryptoHellas Team

#Write2Earn While market gains some strength, it still needs another push to break throughContentsBitcoin becomes bullishCardano shows comeback potentialXRP appears poised to embark on a bullish trajectory. Technical indicators suggest a long-awaited higher high could be forming, signaling the first steps toward a bull market direction for the digital asset. The anticipation grows as traders watch for an ascent toward the $0.56 resistance level.The recent chart patterns for XRP have shown promising signs of a reversal from bearish to bullish sentiment. A significant factor supporting this outlook is the potential avoidance of a "death cross" event, where long-term moving averages cross over short-term averages, indicating a sell-off. Instead, XRP's EMAs indicate stability, setting the stage for an upward movement without the looming shadow of a bearish crossover.XRP/USDT Chart by #tradingview Looking at specific support and resistance levels, XRP currently finds staunch support at the $0.51 mark. If this level holds, it establishes a firm foundation for the asset's value to build upon. However, the volatile nature of cryptocurrency markets warrants consideration of a potential drop scenario. If $XRP fails to sustain its support level, a dip below $0.51 could trigger a sell-off, leading to further downward pressure. In such a case, the next support at around $0.50 would be critical to prevent a steeper decline.The chart reveals no immediate extraordinary factors beyond the usual indicators, but the market's current disposition, influenced by global economic factors and sentiment within the crypto community, could play a pivotal role in determining XRP's direction.Bitcoin becomes bullishBitcoin's market trajectory has taken a bullish turn, demonstrating vigor reminiscent of the fervor that surrounded the rumored approval of a #BitcoinETF💰💰💰 . This robust upward movement signals a departure from speculative surges, suggesting the potential for sustained growth.The king of cryptocurrencies has shattered resistance levels that previously hemmed in its price, soaring past the crucial $44,000 mark. This breach not only signifies a resistance-turned-support level but also lays the groundwork for a climb toward the next psychological barrier at $47,000. If bulls maintain control, the push toward $50,000 could be imminent, reinforcing a bullish narrative across the crypto landscape.The market's enthusiasm is palpable, with Bitcoin exhibiting a resilience that could underpin a more extended period of appreciation. One standout feature on the chart is the convergence of moving averages in the mid-$40,000 range, which Bitcoin ($BTC ) has successfully vaulted over, adding to the asset's bullish momentum.If Bitcoin fails to uphold its newfound support and succumbs to a sell-off, it could see a retracement toward the $42,000 support level. A drop below this floor may trigger a bearish outlook, but the robust support at $40,000 could serve as a substantial buffer against a more significant downturn.The chart's outstanding factors include a noticeable increase in trading volume accompanying the price hike, a testament to the growing interest and confidence in Bitcoin. Additionally, the Relative Strength Index (RSI) is approaching overbought territory, which could indicate a short-term pullback before any further upward movement.Cardano shows comeback potential#cardano  is making waves with a potential comeback. As ADA aligns itself with broader market trends, it presents an appealing risk-reward ratio that could position it as a standout investment.Currently, ADA is trading above a critical support level at $0.50, a price point that has historically acted as a robust foundation for its value. This level serves as the linchpin for potential growth, with the asset eyeing the resistance at $0.56.A decisive break above this resistance could confirm a shift in momentum, setting the stage for a sustained upward journey.On the flip side, should $ADA falter and breach the $0.50 support, it could face downward pressure toward the next substantial support near the $0.47 mark. A drop below this could lead to a bearish outlook, though the strong historical support at $0.42 offers a safety net against a price drop.#TrendingTopic

#Write2Earn dYdX Chain, the blockchain developed by the DEX platform dYdX, has introduced liquid staking functionality in its latest version 3.0.As per the announcement posted on January 30, dYdX Chain has completed the upgrade to version 3.0, introducing multi-chain account capabilities and advancing liquidity staking on the network.This addition enables users to stake on dYdX while converting their staked DYDX into liquid assets that can be traded within DeFi applications. All protocol fees will be redistributed to stakers and dYdX validators in $USDC .Charles d'Haussy, the Chief Operating Officer of the dYdX Foundation, stated:The Liquid Stake race is driving innovation within the DYDX staking ecosystem, ultimately benefiting the entire community.Stride, a staking protocol for Cosmos blockchains, also announced on January 30 that it supports opening staking pools for dYdX Chain. Additionally, other protocols like Persistence and Quicksilver have shared plans to offer this service in the future.Since the beta phase and the transition to the mainnet in late November, the Cosmos layer-1 has achieved notable milestones, with the dYdX DEX platform claiming the top position as the largest trading volume exchange, surpassing Uniswap.Furthermore, #dYdXChain is currently implementing a 6-month-long Incentive Program, allocating over 20 million USD worth of $DYDX from the treasury as rewards for early adopters.Chart of #dydx DYDX/USD chart at 7:37 AM on January 30, 2024, on #tradingview .Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #TrendingTopic

#Write2Earn Market is in mixed state, with some assets showing continuation potential and some clearly losing tractionContents#Shibainu uptrend halted#BTC surge is not baseless$XRP  is currently in the spotlight as it encounters a pivotal moment in its market journey. After making an attempt to break through, XRP found resistance at the 26-day Exponential Moving Average, hinting that the asset might be on the cusp of a potential retracement.XRP's price action was halted at the 26 EMA, a level known for its dynamic resistance properties. This halt is indicative of a potential shift in momentum, suggesting that sellers are regaining control after a period of buying activity. If this selling pressure persists, XRP could see its price descend toward the $0.50 mark — a significant psychological and technical support level that has historically acted as a floor for the asset's price.XRP/USDT Chart by #tradingview The $0.50 support level is not just a round number that resonates with traders psychologically; it is also a region where buying interest has previously emerged, providing a cushion for the asset's value. Should XRP drop to this level, it will be crucial to observe the market's reaction to ascertain whether a rebound is feasible or if a further downside is likely.On the growth side, if XRP can muster enough buying pressure to overcome the resistance posed by the 26 EMA, there could be a chance for recovery and an upward move. A sustained break above this moving average could invalidate the bearish scenario and potentially pave the way for a move toward the next resistance near $0.56, where the 50-day EMA converges.Shiba Inu uptrend haltedThe crypto community has been closely monitoring Shiba Inu as its recent rally has paused, causing many to speculate about the token's next move. Despite this setback, SHIB is currently positioned between the 100 and 50 Exponential Moving Averages on the daily chart, which could indicate a potential consolidation phase before the next leg up or down.The 50-day EMA, sitting at approximately $0.0000094, is serving as the immediate resistance level for $SHIB . This dynamic line has capped previous price attempts and will be the barrier SHIB needs to break through to reignite its rally. Conversely, the 100-day EMA, positioned around $0.0000088, stands as a support level, providing a safety net where buying interest has historically emerged.For growth, should SHIB push pass the resistance at the 50-day EMA and hold above this level, it could signal renewed investor confidence, possibly steering the asset toward the next resistance at $0.000010. Such a scenario would require significant volume and positive sentiment to drive SHIB beyond its current stagnation.On the flip side, if SHIB fails to break through the resistance and slips below the 100-day EMA, it might face a drop toward $0.0000080, where further support could be found. A price drop to this level could indicate that a deeper retracement is underway, potentially shaking out weak hands and allowing for accumulation by steadfast believers in the asset's long-term potential.Bitcoin surge is not baselessBitcoin has recently been surging past the crucial $48,220 mark. This recent breach suggests a bullish sentiment has taken hold, but it also introduces the possibility of a forthcoming phase of correction or consolidation before further potential gains.A closer look at the $BTC price chart reveals that the asset has indeed pushed through a significant resistance level at $48,220. However, in the growth scenario, if Bitcoin consolidates above this newfound support and builds sufficient pressure, we could witness a continuation of the rally. The next major resistance level lies around the psychologically significant $50,000 mark. A convincing move above this threshold could solidify Bitcoin's position and invite a fresh wave of bullish momentum.Conversely, should Bitcoin retract and fail to uphold the $48,220 level, it could see a price drop toward the next substantial support near the $45,000 region. This scenario might play out if the market experiences a sell-off from traders looking to capitalize on the recent spike or if wider economic factors catalyze a move away from risk assets.Currently, the intersection of the 50-day and 100-day EMAs is acting as a dynamic area of interest, potentially indicating where Bitcoin might find equilibrium during a retracement. The moving averages may serve as a litmus test for Bitcoin's immediate directional bias.#TrendingTopic

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#Write2Earn Dogwifhat (WIF), a meme coin based on the Solana ($SOL ) blockchain, has experienced a sudden surge of 30% in its price in the last 24 hours. #WIF reached intraday highs of $0.2356, maintaining its rise from the previous day's low of $0.17. At the time of writing, WIF was up 30% in the last 24 hours to $0.233. The price increase coincides with positive sentiment in the crypto market, as Bitcoin and other major coins also saw gains.WIF/USD Daily Chart, Courtesy: #tradingview Likewise, another possible reason might be the WIF listing on major crypto #exchange Bitfinex.Bitfinex announced the listing of WIF in a Feb. 7 X post. According to an official blog post, WIF deposits were opened at 4:00 p.m. UTC on Feb. 7, 2024. Trading of WIF commences on Feb. 8 at approximately 1:30 p.m. PM UTC. WIF will be available to trade with U.S. dollars (WIF/USD) and Tether tokens (WIF/USDt). Withdrawals are expected to open on Feb. 9 at approximately 1:30 p.m. UTC.Deposits are open for 🐶🎩 dogwifhat $WIF!@dogwifcoin is the popular meme that’s vibing wif frens onchain!Find out when trading starts:https://t.co/bxdT0bbDHm pic.twitter.com/iJTs2GRVE6— Bitfinex (@bitfinex) February 7, 2024The news was met with enthusiasm by the Dogwifhat community, with the official Dogwifhat X handle posting the milestone.WIF debuted quietly in November before experiencing its first significant price rise in December. It rose even higher, reaching an all-time high of $0.481 last month before falling to a low of $0.17 on Feb. 7 before recovering.Dogwifhat (WIF) Before Price PlungedWIF now has a market capitalization of $234 million, ranking it as the 198th largest cryptocurrency — and the seventh-largest meme coin overall. Trading volume in the last day exceeded $60 million.Solana, the fifth largest cryptocurrency by market value, appears to be riding the WIF and the overall crypto market wave, jumping 10% to $104. SOL has recaptured the $100 level once again after the outage that worried traders on Monday turned out to be a local low, with FUD propelling the price rebound.#TrendingTopic

#BTC Litecoin secures significant milestone as soon as year startsDisclaimer: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.#Litecoin  has marked a significant achievement early in the year with over 6.3 million #transactions processed since Jan. 1. This activity surge could be a harbinger of a vibrant period for Litecoin, potentially signaling a boost in utility and adoption.The high volume of transactions suggests an increasing use of Litecoin for transfers and payments, reinforcing its position as a practical cryptocurrency for everyday use. This uptick in transactions often correlates with a heightened interest in the coin, which could translate to a stronger market presence and potentially an increase in price as the demand for #ltc  grows in tandem with its use.LTC/USDT by #tradingview Analyzing the Litecoin chart reveals several key points. Recent market behavior shows LTC hovering around crucial moving averages, which are often indicative of trader sentiment. The 50-day moving average, a common reference for short to medium-term market trends, has seen the price action cross above and below, suggesting a current lack of direction on the market.The trading volume, while fluctuating, has seen spikes coinciding with significant price movements, showing active market participation. This could be due to traders reacting to both increased transaction activity and external market influences.The Relative Strength Index on the chart is in a neutral zone, not yet reaching levels that typically indicate overbought or oversold conditions. This gives room for movement in either direction, with potential for upward momentum if the market responds positively to the high transaction volume.Furthermore, the significant number of transactions in a relatively short period indicates robust network health and can act as a catalyst for further growth. If this trend continues, it could attract more users to the Litecoin network, possibly leading to a positive feedback loop of increased usage and price growth.