Buy BTC/USDT – 1H – BUY

The 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

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