BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 116019.300000000 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 112722.580000000 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candle pattern is detected. The candles form ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118922.450000000 |
| 2nd High | 118879.140000000 |
| Next High | 116019.300000000 |
| Current Price | 114025.750000000 |
| Next Low | 112722.580000000 |
| 2nd Low | 107429.570000000 |
| 3rd Low | 107245.000000000 |
116019.300000000 – 118879.140000000 – 118922.450000000 – 112722.580000000 – 114116.000000000 – 115796.230000000 — 48.524531185112 – 49.056598859744
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Double top retreat up –