BTC/USDT – 4H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline up.
A bullish movement upwards to the next resistance level at 106524.650000000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 103371.020000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110530.170000000 |
| 2nd High | 108952.380000000 |
| Next High | 106524.650000000 |
| Current Price | 102495.690000000 |
| Next Low | 103371.020000000 |
| 2nd Low | 102664.310000000 |
| 3rd Low | 102000.000000000 |
106524.650000000 – 108952.380000000 – 110530.170000000 – 103371.020000000 – 102664.310000000 – 104179.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three White Soldiers