BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 120324.430000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 118207.470000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 122335.160000000 |
| Next High | 120324.430000000 |
| Current Price | 120116.020000000 |
| Next Low | 118207.470000000 |
| 2nd Low | 118050.110000000 |
| 3rd Low | 116359.890000000 |
120324.430000000 – 122335.160000000 – 117944.050000000 – 118207.470000000 – 118050.110000000 – 116359.890000000 — 58.123759428341 – 58.958110570338
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Triple bottom chart pattern – –