BTC/USDT Binance
4H hollow candlesticks
Since the last bull run started at 21th Jule, a HUGE price correction has followed as a bearish flag or bearish pennant pattern (not sure), which is more clear to see in the 1D timeline candlesticks.
The bottom of this correction came in the exact spot the first Fibonacci retracement is shown, as a red rectangle extension.
A lot of volume followed at this very bottom as well.
There has been a nice price recovery from that point.
So now a bearish rising wedge seems or bearish pennant pattern that has been formed.
The spot that this uptrend will stop is the golden ratio, that the second Fibonacci retracement shows, as an extended orange rectangle.
The aqua-colored path is not 100% accurate, as the pick of this bearish rising wedge or bearish pennant pattern, is calculated from the second Fibonacci retracement, as I said before.
In other words, the pick of this pump is not clear yet.
Multiple Support & Resistance levels are shown as horizontal white lines.
In MACD a bullish crossover seems to happen, but not so clear until the end of September 2021.
At the current date, the volume is steady.
Bitcoin Price (BTC) = $48,675.18 +2.53%
= 13.85 ETH +0.20%
Total:
Market Cap: $2,168,597,228,148
24h Vol: $93,885,866,219
Dominance:
BTC: 42.1%
ETH: 19.0%
Cryptos: 11,954
Exchanges:411
Good Luck
CryptoHellas Team
4H hollow candlesticks
Since the last bull run started at 21th Jule, a HUGE price correction has followed as a bearish flag or bearish pennant pattern (not sure), which is more clear to see in the 1D timeline candlesticks.
The bottom of this correction came in the exact spot the first Fibonacci retracement is shown, as a red rectangle extension.
A lot of volume followed at this very bottom as well.
There has been a nice price recovery from that point.
So now a bearish rising wedge seems or bearish pennant pattern that has been formed.
The spot that this uptrend will stop is the golden ratio, that the second Fibonacci retracement shows, as an extended orange rectangle.
The aqua-colored path is not 100% accurate, as the pick of this bearish rising wedge or bearish pennant pattern, is calculated from the second Fibonacci retracement, as I said before.
In other words, the pick of this pump is not clear yet.
Multiple Support & Resistance levels are shown as horizontal white lines.
In MACD a bullish crossover seems to happen, but not so clear until the end of September 2021.
At the current date, the volume is steady.
Bitcoin Price (BTC) = $48,675.18 +2.53%
= 13.85 ETH +0.20%
Total:
Market Cap: $2,168,597,228,148
24h Vol: $93,885,866,219
Dominance:
BTC: 42.1%
ETH: 19.0%
Cryptos: 11,954
Exchanges:411
Good Luck
CryptoHellas Team
Trade active:
As it seems the price followed a bearish flag /bearish pennant pattern.
Support & Resistance areas have changed.
We might expect a price rebound around 43700 - 45000, as it stands from the first Fibonacci retracement.
For now, a new TA is needed. Be patient...
Support & Resistance areas have changed.
We might expect a price rebound around 43700 - 45000, as it stands from the first Fibonacci retracement.
For now, a new TA is needed. Be patient...
Trade active:
This day has to end to be more specific and have the right TA.
As far as this Fibonacci wedge shows when this price rebound will stop.
Cheers!
As far as this Fibonacci wedge shows when this price rebound will stop.
Cheers!
