Stock Market Roars As Outlook Improves Which will positively impact #crypto market too. But Will Powell Spoil The Party? We completed the ABC wave and are exactly inside our channel in the 4hrs chart, If we close daily above weekly pivot S1 and 50 EMA. #Satoshisteps #BTCTA

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

$BTC
BTC/USDT Binance
1H Hollow Candlesticks

🔗 https://www.tradingview.com/chart/BTCUSDT/yu7pwTWg-BTC-USDT-Binance/ 🔗

Since the price broke the parallel ascending channel, we saw a rise of around 40%.

Currently, the Support level is predicted by the extension of the golden ratio of a Fibonacci Retracement and the Resistance level is at 38K.

Also, an ascending triangle has been formed, where the rule says that since the price entered from below, at the end of the triangle, the price will move up.

From an imprint of a previous movement (Bar Pattern / Fractal) we can theoretically assume a future movement that the price of Bitcoin will follow.

Market Cap: $1.42T +0.70%

24h Vol: $57.41B -27.66%

Dominance: BTC: 51.0%
ETH: 17.5%

#BTCRally #BTCTA #TechnicalAnalysis #BTCUSDTAnalysis #BTCUSDTUPDATE

Good Luck
CryptoHellas Team