BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 122335.160000000 will continue.
Caution: A possible change in the direction of the support level at 118050.110000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘RSI cross above 30’ indicator layout is detected. The indicator shows ‘RSI cross above 30’. which could be a positive chart scenario. The pair is likely to go up.
Furthermore a ‘StochRSI cross above 20’ indicator layout is detected. The indicator shows ‘StochRSI cross above 20’. which could be a positive chart scenario. The pair is likely to go up.
Furthermore a ‘Bearish SBS White Lines’ candle chart pattern is found. The candles form ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 122335.160000000 |
| Current Price | 118522.220000000 |
| Next Low | 118050.110000000 |
| 2nd Low | 116359.890000000 |
| 3rd Low | 114259.000000000 |
122335.160000000 – 117944.050000000 – 115716.000000000 – 118050.110000000 – 116359.890000000 – 114259.000000000 — 38.816637351454 – 40.188325367763
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish SBS White Lines – – –