BTC/USDT – 1H – BUYFurthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 78662.5 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 78479.37 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Advance Block’ chart pattern is detected. The chart shows ‘Advance Block’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Advance Block’ going down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 78662.5 |
| 2nd High | 78581.93 |
| Next High | 78479.37 |
| Current Price | 77999.040000000 |
| Next Low | 77140.23 |
| 2nd Low | 76960 |
| 3rd Low | 74821.57 |
77885.35 – 78479.37 – 78581.93 – 77140.23 – 77264.08 – 76960 —
77530.000000000 – 77814.430000000 —
48.789244403833 – 57.335209806239 —
– —
77885.35 – 1777111200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Advance Block – – –