BTC/USDT – 1H – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 103550.000000000 will continue.
Caution: A possible counter-trend in the direction of the support zone at 100609.410000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bullish Engulfing’ candle pattern is found. The candles show ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 104088.000000000 |
| Next High | 103550.000000000 |
| Current Price | 103277.320000000 |
| Next Low | 100609.410000000 |
| 2nd Low | 99205.000000000 |
| 3rd Low | 94256.540000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing