The pair Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 115666.680000000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 113430.000000000 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Three White Soldiers’ candlestick pattern is found. The chart shows ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 115666.680000000 |
| Current Price | 115332.180000000 |
| Next Low | 113430.000000000 |
| 2nd Low | 113155.030000000 |
| 3rd Low | 110917.450000000 |
114715.020000000 – 114459.650000000 – 114313.130000000 – 113430.000000000 – 113155.030000000 – 110917.450000000 — 65.128094008685 – 68.537605951109
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –