BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 119450.000000000 will persist.
Caution: A possible counter-trend in the direction of the support zone at 114723.160000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘RSI cross above 70’ indicator signal is existing. The indicator is ‘RSI cross above 70’. this is usually a bullish chart signal. The currency pair could go up.
In addition a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The candles show ‘Bearish SBS White Lines’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120247.800000000 |
| Next High | 119450.000000000 |
| Current Price | 118274.730000000 |
| Next Low | 114723.160000000 |
| 2nd Low | 107429.570000000 |
| 3rd Low | 107245.000000000 |
119450.000000000 – 119273.360000000 – 120247.800000000 – 114723.160000000 – 117103.100000000 – 117301.000000000 — 59.207883622477 – 60.473186692402
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish SBS White Lines – –