BTC/USDT – 1H – BUYThe combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 91950 is expected.
Caution: A possible trend reversal in the direction of the support level at 90652.55 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Outside Up’ chart pattern is existing. The chart shows ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93836.01 |
| 2nd High | 93160 |
| Next High | 91950 |
| Current Price | 91201.100000000 |
| Next Low | 90652.55 |
| 2nd Low | 90438.43 |
| 3rd Low | 86306.77 |
91950 – 88224 – 89228 – 90652.55 – 90438.43 – 86306.77 — 48.971898975005 – 49.418638953596 — 20.254521280204 – 33.254643385296 – 19.815868535381 – 20.456673043266
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –