BTC/USDT – 4H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 63776.68696 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 64700 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The chart forms ‘Bullish Belt Hold’. 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 probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 67292.15 |
| 2nd High | 65622.83 |
| Next High | 64700 |
| Current Price | 62959.960000000 |
| Next Low | 61306.84 |
| 2nd Low | 57800.19 |
| 3rd Low |
64700 – 60780.57 – 60941.17 – 61306.84 – 57800.19 – 58115.01 —
64243.750000000 – 62350.630000000 —
60.323273302418 – 46.741398885643 —
– —
64700 – 1783368000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –