BTC/USDT – 4H – BUYThe combination Bitcoin/Tether (BTC/USDT) moves from the descending trendline upwards
An ascent upwards to the next resistance line at 107500 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 74620 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Up’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency 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 | 116400 |
| 2nd High | 111250.01 |
| Next High | 107500 |
| Current Price | 92440.320000000 |
| Next Low | 74620 |
| 2nd Low | |
| 3rd Low |
107500 – 111250.01 – 116400 – 94012.45 – 99260.86 – 98944.36 — 42.746311315536 – 46.601876700174 — 43.967077099607 – 68.751930800124 – 41.240419553673 – 47.444723950748
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Double bottom chart pattern – –