BTC/USDT – 1H – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance level at 114615.380000000 is certain.
Caution: A possible change in the direction of the support zone at 112380.000000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Belt Hold’ candlestick pattern is found. The candles form ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116980.000000000 |
| 2nd High | 115875.840000000 |
| Next High | 114615.380000000 |
| Current Price | 113395.150000000 |
| Next Low | 112380.000000000 |
| 2nd Low | 111920.000000000 |
| 3rd Low | 107429.570000000 |
114615.380000000 – 115875.840000000 – 116980.000000000 – 112380.000000000 – 112566.010000000 – 114640.140000000 — 40.54756626464 – 41.84574011772
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – Double top chart pattern – –