BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 71777 is expected.
Caution: A possible trend reversal in the direction of the support zone at 69205.91 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Additionally a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74050 |
| 2nd High | 73558.15 |
| Next High | 71777 |
| Current Price | 71672.390000000 |
| Next Low | 69205.91 |
| 2nd Low | 68977.91 |
| 3rd Low | 65618.49 |
70800 – 71321 – 71777 – 69205.91 – 68977.91 – 69266.06 —
70569.150000000 – 70734.250000000 —
55.271807968118 – 56.127976764099 —
– —
70800 – 1773313200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –