BTC/USDT – 4H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 108952.380000000 will continue.
Caution: A possible counter-trend in the direction of the support line at 103371.020000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish signal. The pair is likely to go up.
In addition a ‘Bullish Engulfing’ chart pattern is existing. The candles form ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110718.000000000 |
| 2nd High | 110530.170000000 |
| Next High | 108952.380000000 |
| Current Price | 103499.980000000 |
| Next Low | 103371.020000000 |
| 2nd Low | 102664.310000000 |
| 3rd Low | 102000.000000000 |
108952.380000000 – 110530.170000000 – 106794.670000000 – 103371.020000000 – 102664.310000000 – 104179.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bullish Engulfing