BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 92332 is certain.
Caution: A possible trend reversal in the direction of the support line at 90128.44 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair could go up.
Next a ‘Bullish Engulfing’ chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94444.44 |
| 2nd High | 92519.95 |
| Next High | 92332 |
| Current Price | 92462.030000000 |
| Next Low | 90128.44 |
| 2nd Low | 89694.66 |
| 3rd Low | 87250 |
92332 – 92519.95 – 90832 – 90128.44 – 90236 – 90404 — 57.488384008521 – 62.798673763688 — 67.820931639443 – 80.469449485783 – 73.119442444048 – 73.306008171811
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – – –