BTC/USDT – 4H – BUYThe combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 120998.710000000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 116812.760000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
Besides a ‘Three Outside Up’ chart pattern is existing. The candles show ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 120998.710000000 |
| Current Price | 118955.990000000 |
| Next Low | 116812.760000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107245.000000000 |
120998.710000000 – 123218.000000000 – 118869.980000000 – 116812.760000000 – 115736.920000000 – 107245.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Up –