BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline up.
A bullish ascent upwards to the next resistance line at 108952.380000000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 103371.020000000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Two-Candle Shooting Star’ candle pattern is discovered. The chart forms ‘Two-Candle Shooting Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two-Candle Shooting Star’ heading down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110400.000000000 |
| 2nd High | 110392.010000000 |
| Next High | 108952.380000000 |
| Current Price | 105201.110000000 |
| Next Low | 103371.020000000 |
| 2nd Low | 102664.310000000 |
| 3rd Low | 102126.160000000 |
108952.380000000 – 107262.310000000 – 105838.240000000 – 103371.020000000 – 106115.350000000 – 106495.090000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two-Candle Shooting Star