BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 113485.900000000 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 110528.710000000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 111782.21 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 113485.900000000 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117429.050000000 |
| 2nd High | 115666.680000000 |
| Next High | 113485.900000000 |
| Current Price | 112211.310000000 |
| Next Low | 110528.710000000 |
| 2nd Low | 108393.390000000 |
| 3rd Low | 107459.490000000 |
111782.210000000 – 109912.400000000 – 109237.510000000 – 110528.710000000 – 108393.390000000 – 107459.490000000 — 61.536707238389 – 61.714268096021
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Double bottom retreat down – –