BTC/USDT – 1H – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 98522.760000000 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 97276.790000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Two-Candle Shooting Star’ candlestick pattern is existing. The chart forms ‘Two-Candle Shooting Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 107793.070000000 |
| 2nd High | 99963.700000000 |
| Next High | 98522.760000000 |
| Current Price | 98815.390000000 |
| Next Low | 97276.790000000 |
| 2nd Low | 91530.450000000 |
| 3rd Low | 90500.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two-Candle Shooting Star