BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance at 80666.66 is certain.
Caution: A possible trend reversal in the direction of the support level at could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Latter Bottom’ candlestick pattern is existing. The chart shows ‘Latter Bottom’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 82850 |
| 2nd High | 81708.32 |
| Next High | 80666.66 |
| Current Price | 80527.920000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
80666.66 – 81708.32 – 82850 – 79181.48 – 80731.14 – 78202 —
80428.010000000 – 80422.000000000 —
49.526363214803 – 53.766152630146 —
– —
80666.66 – 1778299200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Latter Bottom – – –