BTC/USDT – 4H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline up.
An ascending movement upwards to the next resistance level at 107500 is expected.
Caution: A possible counter-trend in the direction of the support level at 74620 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ chart pattern is discovered. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116400 |
| 2nd High | 111250.01 |
| Next High | 107500 |
| Current Price | 93195.610000000 |
| Next Low | 74620 |
| 2nd Low | |
| 3rd Low |
107500 – 111250.01 – 116400 – 94012.45 – 99260.86 – 98944.36 — 40.933922124113 – 42.368876666376 — 46.197855140945 – 79.531188474278 – 22.953056888114 – 46.706660798802
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –