BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance level at 93160 is likely expected.
Caution: A possible change in the direction of support at could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Then a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Then a ‘Three Outside Up’ chart pattern is detected. The chart shows ‘Three Outside Up’. which is a positive signal. 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 | 96043 |
| 2nd High | 93836.01 |
| Next High | 93160 |
| Current Price | 87518.220000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
93160 – 92384.61 – 93836.01 – 80600 – 88608 – 90025.06 — 54.293553563636 – 58.172170121718 — 6.787598944591 – 22.152594547054 – 35.595866314864 – 20.757842274993
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –