BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 106488.140000000 will continue.
Caution: A possible counter-trend in the direction of the support zone at 104964.140000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.
Moreover a ‘Three White Soldiers’ candle chart pattern is found. The candles form ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 108484.610000000 |
| 2nd High | 106794.670000000 |
| Next High | 106488.140000000 |
| Current Price | 107193.240000000 |
| Next Low | 104964.140000000 |
| 2nd Low | 104179.000000000 |
| 3rd Low | 103659.880000000 |
106488.140000000 – 105900.000000000 – 106000.000000000 – 104964.140000000 – 104179.000000000 – 105132.270000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three White Soldiers