BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 116782.130000000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 114723.160000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Belt Hold’ chart pattern is detected. The candles show ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120247.800000000 |
| 2nd High | 119450.000000000 |
| Next High | 116782.130000000 |
| Current Price | 116399.970000000 |
| Next Low | 114723.160000000 |
| 2nd Low | 107429.570000000 |
| 3rd Low | 107245.000000000 |
116782.130000000 – 119450.000000000 – 118814.470000000 – 114723.160000000 – 117832.320000000 – 117103.100000000 — 46.481953159171 – 51.415023936333
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – –