BTC/USDT – 4H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 108272.450000000 will persist.
Caution: A possible counter-trend in the direction of the support level at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.
Besides a ‘Bullish Belt Hold’ candlestick pattern is discovered. The chart shows ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110530.170000000 |
| 2nd High | 108952.380000000 |
| Next High | 108272.450000000 |
| Current Price | 108254.950000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
108272.450000000 – 106524.650000000 – 108952.380000000 – 106733.330000000 – 106356.760000000 – 98200.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bullish Belt Hold –