BTC/USDT – 4H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 117900.000000000 will persist.
Caution: A possible trend reversal in the direction of the support line at 115100.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Hammer’ candle chart pattern is found. The candles show ‘Hammer’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124474.000000000 |
| 2nd High | 118575.000000000 |
| Next High | 117900.000000000 |
| Current Price | 115538.900000000 |
| Next Low | 115100.000000000 |
| 2nd Low | 114720.810000000 |
| 3rd Low | 114384.000000000 |
117900.000000000 – 116665.630000000 – 113384.620000000 – 115100.000000000 – 114720.810000000 – 114384.000000000 — 43.887687689027 – 44.812117459264
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Hammer – Symmetrical Triangle Chart Pattern – –