BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 119800.000000000 is expected.
Caution: A possible trend reversal in the direction of the support line at 117427.500000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120247.800000000 |
| Next High | 119800.000000000 |
| Current Price | 118399.000000000 |
| Next Low | 117427.500000000 |
| 2nd Low | 114723.160000000 |
| 3rd Low | 107429.570000000 |
119800.000000000 – 119450.000000000 – 119273.360000000 – 117427.500000000 – 114723.160000000 – 117103.100000000 — 45.884407397753 – 51.602669931207
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – –