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GALA/USDTPERP Binance1m hollowsOpen profits to current position

GALA/USDTPERP Binance1m hollowsOpen profits to current position

BTCUSDT Binance4H hollow candlesticksA descending parallel Channel has been formed, after the ATH (all-time high) at 110165$.We can expect a price correction about 67338$ that is exactly the red line, as also the price drops to 62,000 and a flash a wick to 52 -53,000$. The bar pattern (flipped fractal) has been formed from a previous movement, indicates a future price movement.We can also see the current Support and Resistance areas.Market Cap: $2.75T +0.42%24h Vol: $48.68B -30.46%Dominance: BTC: +60.5%ETH: +8.7%Good Luck#CryptoHellas Team

BTC/USDT Binance1D Hollow CandlesticksAfter 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 LuckCryptoHellas Team

BTC/USDT Binance4H HollowsCurrently, the Support level is predicted by the extension of the golden ratio of a Fibonacci Retracement.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.Forecast and Path indicates a possible future movement.Market Cap: $2.62T -2.61%24h Vol: $104.71B +66.31%Dominance: BTC: 52.4% ETH: 16.0%Good Luck#CryptoHellas Team

BTC/USDT Binance4H hollow candlesticksAfter 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*UpdateBTC/USDT Binance4H hollowsThe price closed right at the Support Level, which is also the extension of the golden section of the Fibonacci Retracement.Fractal (Bar Pattern) predicts future price movement.*UpdateBTC/USDT Binance4H hollows

BTCUSDT Binance4H hollow candlesticksHow the price of Bitcoin (BTC) is expected to react to the introduction of an Exchange-Traded Fund (ETF) and the halving event.Analyzing the Potential Impact of ETF Approval and Halving on Bitcoin's PriceBitcoin, the pioneering cryptocurrency, has been subject to notable price volatility, attracting attention from both retail and institutional investors. Two pivotal events that could significantly influence the price of Bitcoin are the approval of an Exchange-Traded Fund (ETF) and the halving event. In this analysis, we delve into the potential effects of these events on Bitcoin's price dynamics.Exchange-Traded Fund (ETF) ApprovalThe long-anticipated approval of a Bitcoin ETF by regulatory authorities holds the promise of reshaping the landscape of cryptocurrency investment. An ETF would provide a regulated and accessible avenue for both institutional and retail investors to gain exposure to Bitcoin without the complexities associated with direct ownership and custody of the cryptocurrency. The increased accessibility facilitated by an ETF could potentially drive a surge in demand for Bitcoin, leading to upward pressure on its price.Moreover, the approval of a Bitcoin ETF has broader implications for the institutional acceptance and regulatory recognition of cryptocurrencies. A favorable decision could signal a significant milestone in the mainstream adoption of Bitcoin as an investible asset, potentially fostering greater confidence among investors and institutions. This heightened confidence could translate into increased investment inflows, ultimately contributing to price appreciation.Conversely, the denial of a Bitcoin ETF application could trigger a short-term bearish sentiment, as investors may interpret the decision as a setback for Bitcoin's broader acceptance. However, it is essential to maintain a long-term perspective, recognizing that Bitcoin's fundamental value proposition remains intact irrespective of ETF approval. Consequently, any short-term price movements should be contextualized within the broader narrative of Bitcoin's evolving role in the global financial ecosystem.Halving EventBitcoin's halving event, occurring approximately every four years, represents a programmed reduction in the block reward that miners receive for validating transactions on the Bitcoin network. This reduction in supply often sparks speculation about its potential impact on Bitcoin's price trajectory.Historically, Bitcoin halving events have been associated with substantial price appreciation. The reduction in the rate of new supply entering the market creates a supply shock, exerting upward pressure on prices as demand outstrips supply. Furthermore, the lead-up to a halving event typically witnesses heightened investor interest and buying activity, driven by anticipation of the event's potential impact on price.It is crucial to recognize that past performance is not indicative of future results, and the price impact of a halving event is contingent on various market dynamics and external factors. While some analysts anticipate a significant price surge following a halving event, others emphasize the need for a nuanced understanding of market conditions and investor sentiment.In conclusion, both the approval of a Bitcoin ETF and the occurrence of a halving event have the potential to significantly influence Bitcoin's price dynamics. However, it is essential for investors and stakeholders to exercise prudence and maintain a comprehensive understanding of market fundamentals when assessing the potential impact of these events on Bitcoin's price trajectory.

BTC/USDT Binance4H Hollow CandlesticksAs 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#CryptoHellas Team🤑🤑🎉🎉💰💰

BTC/USDT Binance1H Hollow CandlesticksSince 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%Good LuckCryptoHellas Team

BTCUSD Bitstamp1D hollow candlesticksHere we see a symmetrical triangle, as well as a parallel ascending channel, has formed starting from 04/01/2023.A Fibonacci retracement indicates the Support area, If the price falls it breaks the symmetrical triangle down.The extension of the Golden section of the Fibonacci retracement shows the next point of Support, and if we reverse it the ATL (all-time low) of the last few days.In combination with the Forecast indicator, we can say approximately where the price will be.Bitcoin (BTC) = $25,611.24 -9.22% (1 month)Market Cap: $1,041,541,930,76924h Vol: $48,489,867,901Dominance: BTC: 47.7% ETH: 20.1%Good LuckCryptoHellas Team