The currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at will continue.
Caution: A possible counter-trend in the direction of the support level at 93578.170000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 99588.01 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three White Soldiers’ candlestick pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | |
Current Price | 103339.960000000 |
Next Low | 93578.170000000 |
2nd Low | 90791.100000000 |
3rd Low | 88722.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers