BTC/USDT – 1H – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 116331.810000000 is certain.
Caution: A possible change in the direction of support at 113430.000000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Outside Up’ chart pattern is found. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 116331.810000000 |
| Current Price | 115166.450000000 |
| Next Low | 113430.000000000 |
| 2nd Low | 110766.660000000 |
| 3rd Low | 110621.780000000 |
116331.810000000 – 114313.130000000 – 113293.290000000 – 113430.000000000 – 110766.660000000 – 111111.000000000 — 55.844532217086 – 57.341809203295
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –