BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 116665.630000000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 114740.990000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 116665.630000000 |
| Current Price | 116035.330000000 |
| Next Low | 114740.990000000 |
| 2nd Low | 113430.000000000 |
| 3rd Low | 110766.660000000 |
116665.630000000 – 116331.810000000 – 114313.130000000 – 114740.990000000 – 113430.000000000 – 110766.660000000 — 57.442352937915 – 58.461937109048
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –