BTC/USDT – 4H – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 118869.980000000 is likely expected.
Caution: A possible change in the direction of the support level at 107245.000000000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Three White Soldiers’ chart pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 118869.980000000 |
| Current Price | 122130.990000000 |
| Next Low | 107245.000000000 |
| 2nd Low | 106733.330000000 |
| 3rd Low | 106356.760000000 |
118869.980000000 – 110529.180000000 – 108272.450000000 – 107245.000000000 – 106733.330000000 – 106356.760000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three White Soldiers –