BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance level at 108279.330000000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 107245.000000000 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Up’ candlestick pattern is existing. The candles show ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110529.180000000 |
| 2nd High | 110000.000000000 |
| Next High | 108279.330000000 |
| Current Price | 108249.990000000 |
| Next Low | 107245.000000000 |
| 2nd Low | 106900.020000000 |
| 3rd Low | 106733.330000000 |
108279.330000000 – 110000.000000000 – 110529.180000000 – 107245.000000000 – 108518.830000000 – 108749.990000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Up –