BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 118856.800000000 will persist.
Caution: A possible trend reversal in the direction of the support line at 117277.340000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair could go up.
In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
In addition a ‘Three Outside Up’ candle pattern is found. The chart forms ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 118856.800000000 |
| Current Price | 118488.180000000 |
| Next Low | 117277.340000000 |
| 2nd Low | 116812.760000000 |
| 3rd Low | 115736.920000000 |
118856.800000000 – 118499.900000000 – 120998.710000000 – 117277.340000000 – 116812.760000000 – 117453.570000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Up –