BTC/USDT – 4H – BUYThe pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 91224.99 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 87263.53 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.
There is also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 89544.97544 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 91224.99 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Outside Up’ chart pattern is existing. The candles show ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 107500 |
| 2nd High | 97924.49 |
| Next High | 91224.99 |
| Current Price | 88347.080000000 |
| Next Low | 87263.53 |
| 2nd Low | 86806.5 |
| 3rd Low | 86420 |
91224.99 – 97924.49 – 92082.55 – 87263.53 – 94293.46 – 90128.44 —
89957.390000000 – 88860.000000000 —
44.316607148586 – 29.905592542346 —
– —
91224.99000 – 1769184000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –