BTC/USDT – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 86171.495 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 90600 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Outside Up’ candlestick pattern is discovered. The candles show ‘Three Outside Up’. which is a positive 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’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93420 |
| 2nd High | 91224.99 |
| Next High | 90600 |
| Current Price | 84242.990000000 |
| Next Low | 81118 |
| 2nd Low | 80600 |
| 3rd Low | 78464.36 |
90600 – 89523.16 – 89010 – 81118 – 87704 – 88833.65 —
82897.410000000 – 83475.800000000 —
34.529244146933 – 39.862945578974 —
– —
90600.00000 – 1769619600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –