BTC/USDT – 4H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance at 71777 will persist.
Caution: A possible counter-trend in the direction of support at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair could go up.
Furthermore a ‘Three White Soldiers’ chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 90600 |
| 2nd High | 74050 |
| Next High | 71777 |
| Current Price | 71612.220000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
71777 – 74050 – 70096 – 65618.49 – 63030 – 62510.28 —
71321.000000000 – 70734.250000000 —
59.403648596452 – 57.364518460306 —
– —
71777 – 1773144000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –