BTC/USDT – 4H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline up.
An ascent up to the next resistance level at 119800.000000000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 114723.160000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candlestick chart pattern is found. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120247.800000000 |
| Next High | 119800.000000000 |
| Current Price | 113899.990000000 |
| Next Low | 114723.160000000 |
| 2nd Low | 107245.000000000 |
| 3rd Low | 106733.330000000 |
119800.000000000 – 120247.800000000 – 120998.710000000 – 114723.160000000 – 116128.000000000 – 116812.760000000 — 39.283968304035 – 41.000573211533
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – –