BTC/USDT – 4H – BUYThe pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline upwards
A bullish trend up to the next resistance level at 107500 will persist.
Caution: A possible change in the direction of the support zone at 74620 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Outside Up’ chart pattern is discovered. The chart shows ‘Three Outside Up’. this is a bullish pattern 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 | 116400 |
| 2nd High | 111250.01 |
| Next High | 107500 |
| Current Price | 92910.100000000 |
| Next Low | 74620 |
| 2nd Low | |
| 3rd Low |
107500 – 111250.01 – 116400 – 94012.45 – 99260.86 – 98944.36 — 33.34527065252 – 40.864136717365 — 14.380582164839 – 46.159007820815 – 10.302167333808 – 22.934183301315
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –