BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 118499.900000000 will persist.
Caution: A possible change in the direction of support at 116812.760000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Three Outside Up’ candle pattern is detected. The chart forms ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 118499.900000000 |
| Current Price | 117840.000000000 |
| Next Low | 116812.760000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
118499.900000000 – 120998.710000000 – 120063.840000000 – 116812.760000000 – 117453.570000000 – 115736.920000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Up – Head and Shoulder chart pattern