BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 116980.000000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 114640.140000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three White Soldiers’ candle pattern is found. The chart shows ‘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 probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119216.820000000 |
| 2nd High | 118575.000000000 |
| Next High | 116980.000000000 |
| Current Price | 115510.830000000 |
| Next Low | 114640.140000000 |
| 2nd Low | 114259.000000000 |
| 3rd Low | 112650.000000000 |
116980.000000000 – 118575.000000000 – 117898.990000000 – 114640.140000000 – 117172.210000000 – 117143.980000000 — 45.06693700806 – 46.837476601748
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Double top retreat up – –