BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 104857.820000000 will persist.
Caution: A possible change in the direction of support at 103100.490000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bullish Engulfing’ chart pattern is existing. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 105819.450000000 |
| Next High | 104857.820000000 |
| Current Price | 103294.110000000 |
| Next Low | 103100.490000000 |
| 2nd Low | 101383.070000000 |
| 3rd Low | 100718.370000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing