BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 118792.000000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 115796.230000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. 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 | 119800.000000000 |
| 2nd High | 119273.360000000 |
| Next High | 118792.000000000 |
| Current Price | 118511.530000000 |
| Next Low | 115796.230000000 |
| 2nd Low | 114723.160000000 |
| 3rd Low | 107429.570000000 |
118792.000000000 – 119273.360000000 – 119800.000000000 – 115796.230000000 – 116950.750000000 – 117427.500000000 — 56.70817260998 – 57.177317420385
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern –