BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at is likely expected.
Caution: A possible change in the direction of support at 116900.050000000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ candlestick chart pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 122461.990000000 |
| Next Low | 116900.050000000 |
| 2nd Low | 116604.870000000 |
| 3rd Low | 107429.570000000 |
118200.000000000 – 118869.980000000 – 109700.000000000 – 116900.050000000 – 116604.870000000 – 107429.570000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three White Soldiers – Double bottom retreat down