BTC/USDT – 4H – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 118869.980000000 will persist.
Caution: A possible trend reversal in the direction of the support line at 107245.000000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish SBS White Lines’ candle chart pattern is discovered. The candles show ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 118869.980000000 |
| Current Price | 120057.010000000 |
| Next Low | 107245.000000000 |
| 2nd Low | 106733.330000000 |
| 3rd Low | 106356.760000000 |
118869.980000000 – 110529.180000000 – 108272.450000000 – 107245.000000000 – 106733.330000000 – 106356.760000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bearish SBS White Lines –