BTC/USDT – 1H – BUYThe combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline up.
A bullish movement up to the next resistance level at 96043 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 83709.25 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Outside Up’ candle pattern is detected. The candles form ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105333.33 |
| 2nd High | 96635.11 |
| Next High | 96043 |
| Current Price | 91220.000000000 |
| Next Low | 83709.25 |
| 2nd Low | 83034.23 |
| 3rd Low | 78464.36 |
96043 – 96635.11 – 105333.33 – 93005.55 – 94841.62 – 94012.45 — 33.143100244577 – 40.53976036882 — 33.420229825011 – 63.53881467961 – 13.283242260827 – 33.391264327785
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Double top retreat up – –