BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 118922.450000000 is likely expected.
Caution: A possible change in the direction of the support zone at 116359.890000000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI fall below 80’ indicator signal is found. The indicator shows ‘StochRSI fall below 80’. this is usually a bullish chart scenario. The currency pair is likely to rise.
In addition a ‘Two-Candle Shooting Star’ candlestick chart pattern is existing. The candles form ‘Two-Candle Shooting Star’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119800.000000000 |
| 2nd High | 119273.360000000 |
| Next High | 118922.450000000 |
| Current Price | 118815.000000000 |
| Next Low | 116359.890000000 |
| 2nd Low | 114259.000000000 |
| 3rd Low | 112650.000000000 |
117944.050000000 – 115716.000000000 – 115720.000000000 – 116359.890000000 – 114259.000000000 – 112650.000000000 — 69.210216723082 – 69.54585586833
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two-Candle Shooting Star – – –