BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 110530.170000000 is certain.
Caution: A possible reversal of the trend in the direction of support at 109056.900000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘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 success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 111381.610000000 |
| 2nd High | 110718.000000000 |
| Next High | 110530.170000000 |
| Current Price | 109728.000000000 |
| Next Low | 109056.900000000 |
| 2nd Low | 105318.370000000 |
| 3rd Low | 104964.140000000 |
110530.170000000 – 106488.140000000 – 105900.000000000 – 109056.900000000 – 105318.370000000 – 104964.140000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Up