BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 120247.800000000 is expected.
Caution: A possible trend reversal in the direction of the support line at 117301.000000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
Moreover a ‘Three White Soldiers’ candle pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 120247.800000000 |
| Current Price | 119094.400000000 |
| Next Low | 117301.000000000 |
| 2nd Low | 116128.000000000 |
| 3rd Low | 115736.920000000 |
120247.800000000 – 119676.730000000 – 118856.800000000 – 117301.000000000 – 116128.000000000 – 116467.020000000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Triple top chart pattern –