BTC/USDT – 1H – BUYThe combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 78479.37 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 77264.08 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Outside Up’ candlestick pattern is found. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 78662.5 |
| 2nd High | 78581.93 |
| Next High | 78479.37 |
| Current Price | 77714.550000000 |
| Next Low | 77264.08 |
| 2nd Low | 76960 |
| 3rd Low | 74821.57 |
78479.37 – 78581.93 – 78662.5 – 77264.08 – 76960 – 74821.57 —
77502.990000000 – 77566.260000000 —
42.031636076211 – 43.679602600797 —
– —
78479.37 – 1777035600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –