BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline upwards
A bullish movement upwards to the next resistance at 92519.95 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 90236 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 92069.55 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 92519.95 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Three Outside Up’ candlestick pattern is found. 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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94789.08 |
| 2nd High | 94444.44 |
| Next High | 92519.95 |
| Current Price | 91665.000000000 |
| Next Low | 90236 |
| 2nd Low | 89694.66 |
| 3rd Low | 87250 |
92519.95 – 90832 – 92082.55 – 90236 – 90404 – 89694.66 — 48.32282754321 – 58.746962107739 — 17.715863036715 – 29.582444770635 – 13.104261100495 – 19.995199453476
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –