BTC/USDT – 4H – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 78333 is considered certain.
Caution: A possible counter-trend in the direction of support at 73724.31 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘Three White Soldiers’. 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 probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91224.99 |
| 2nd High | 90600 |
| Next High | 78333 |
| Current Price | 78157.410000000 |
| Next Low | 73724.31 |
| 2nd Low | 73309.85 |
| 3rd Low | 70505.88 |
78333 – 76038 – 73790 – 73724.31 – 73309.85 – 70505.88 —
76558.620000000 – 77733.110000000 —
54.140731617381 – 62.082478523565 —
– —
78333 – 1776441600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –