BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 93160 will continue.
Caution: A possible trend reversal in the direction of the support level at 80600 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bullish Belt Hold’ chart pattern is existing. The candles form ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96043 |
| 2nd High | 93836.01 |
| Next High | 93160 |
| Current Price | 86137.190000000 |
| Next Low | 80600 |
| 2nd Low | 78464.36 |
| 3rd Low | 74620 |
93160 – 92384.61 – 93836.01 – 80600 – 88608 – 90025.06 — 52.652959463934 – 55.472019003315 — 66.381301807311 – 61.160936721475 – 81.468647612145 – 69.852485995984
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –