BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 119800.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 117859.980000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Shooting Star’ candle chart pattern is discovered. The chart forms ‘Shooting Star’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120820.710000000 |
| 2nd High | 120247.800000000 |
| Next High | 119800.000000000 |
| Current Price | 118934.700000000 |
| Next Low | 117859.980000000 |
| 2nd Low | 117825.500000000 |
| 3rd Low | 117304.460000000 |
119800.000000000 – 119540.010000000 – 118438.830000000 – 117859.980000000 – 117825.500000000 – 117304.460000000 — 45.083041013634 – 45.189368434939
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – –