BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
An ascending movement up to the next resistance line at 95639.45 is expected.
Caution: A possible trend reversal in the direction of the support level at 94910.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The currency pair could go up.
Then a ‘Three Outside Up’ candle chart pattern is existing. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97924.49 |
| 2nd High | 95871.47 |
| Next High | 95639.45 |
| Current Price | 95498.610000000 |
| Next Low | 94910.000000000 |
| 2nd Low | 94876.33 |
| 3rd Low | 94293.46 |
95639.45 – 95871.47 – 97924.49 – 94910.000000000 – 94876.33 – 95021.67 — 56.930389939105 – 59.055525761462 — 82.917996677307 – 87.405499243994 – 87.901414322426 – 85.199081592653
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –