BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance line at 100421.800000000 will persist.
Caution: A possible trend reversal in the direction of support at 94256.540000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 101351 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 100421.800000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish signal. The currency 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 103550.000000000 |
| 2nd High | 101351.000000000 |
| Next High | 100421.800000000 |
| Current Price | 100361.640000000 |
| Next Low | 94256.540000000 |
| 2nd Low | 94150.050000000 |
| 3rd Low | 90500.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers