BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance line at 115875.840000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 112566.010000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Up’ chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish pattern 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’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 116980.000000000 |
| Next High | 115875.840000000 |
| Current Price | 114197.530000000 |
| Next Low | 112566.010000000 |
| 2nd Low | 111920.000000000 |
| 3rd Low | 107429.570000000 |
115875.840000000 – 116980.000000000 – 118575.000000000 – 112566.010000000 – 114640.140000000 – 117172.210000000 — 50.585240834049 – 54.591567954446
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –