BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance line at 116121.810000000 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 115100.000000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Inverted Hammer’ candle chart pattern is found. The candles form ‘Inverted Hammer’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117900.000000000 |
| Next High | 116121.810000000 |
| Current Price | 115687.200000000 |
| Next Low | 115100.000000000 |
| 2nd Low | 114720.810000000 |
| 3rd Low | 114384.000000000 |
116121.810000000 – 117900.000000000 – 117896.000000000 – 115100.000000000 – 114720.810000000 – 114737.110000000 — 45.817429849267 – 46.7324540892
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Inverted Hammer – – –