BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance at 67430.99 will continue.
Caution: A possible trend reversal in the direction of the support zone at 65712.12 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Three Outside Up’ candle chart pattern is existing. The candles show ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 72026.09 |
| 2nd High | 69310 |
| Next High | 67430.99 |
| Current Price | 67042.080000000 |
| Next Low | 65712.12 |
| 2nd Low | 65000 |
| 3rd Low | 63030 |
67430.99 – 69310 – 68589.49 – 65712.12 – 65998.05 – 66233.13 —
67037.480000000 – 66808.500000000 —
48.807993838725 – 42.777210567207 —
– —
67430.99 – 1775149200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –