BTC/USDT Binance

4H Hollow Candlesticks

🔗 https://www.tradingview.com/chart/BTCUSDT/fxP5YqwM-BTC-USDT-Binance/ 🔗

As the bull run continues, a parallel bullish channel has formed.

If the price break out this channel, a new TA is needed.

A Rising Wedge has also been formed, where the rule says that is generally a bearish signal as it indicates a possible reversal during an uptrend.

Rising wedge patterns indicate the likelihood of falling prices after a breakout through the lower trend line.

The Support and Resistance areas are also clearly visible.

The Support point is quite strong and is based on the Golden ratio extension of the Fibonacci Retracement.

Through a previous repeated movement that has been resized (Bar Pattern), we can assume a future movement of the $BTC price.

Market Cap: $1.43T +0.89%

24h Vol: $54.15B +34.84%

Dominance: BTC: 51.5%

ETH: 17.5%

Good Luck

#BTC #BTCTA #BTCUpdate