The combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 93092 is likely expected.
Caution: A possible change in the direction of the support level at 90652.55 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. 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 White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93836.01 |
| 2nd High | 93160 |
| Next High | 93092 |
| Current Price | 91157.440000000 |
| Next Low | 90652.55 |
| 2nd Low | 90438.43 |
| 3rd Low | 86306.77 |
93092 – 91843.59 – 91940.18 – 90652.55 – 90438.43 – 86306.77 — 46.644686600703 – 47.469351891472 — 21.867189602799 – 26.256392509709 – 13.379731098038 – 20.152907550531
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Double top retreat up – –