Buy BTC/USDT – 1H – BUY

The currency pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline up.

A continuation of the upward movement up to the next resistance level at 119800.000000000 will continue.

Caution: A possible reversal of the trend in the direction of the support line at 117427.500000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘RSI cross above 30’ indicator layout is found. The indicator is ‘RSI cross above 30’. which could be a positive signal. The currency pair could go up.

There is also a ‘Three Outside Up’ candle pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish 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 120998.710000000
2nd High 120247.800000000
Next High 119800.000000000
Current Price 118399.000000000
Next Low 117427.500000000
2nd Low 114723.160000000
3rd Low 107429.570000000

119800.000000000 – 119450.000000000 – 119273.360000000 – 117427.500000000 – 114723.160000000 – 117103.100000000 — 45.884407397753 – 51.602669931207

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