BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance line at 115000.000000000 is likely expected.
Caution: A possible change in the direction of the support line at 114148.580000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish SBS White Lines’ chart pattern is existing. The candles form ‘Bearish SBS White Lines’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118879.140000000 |
| 2nd High | 116019.300000000 |
| Next High | 115000.000000000 |
| Current Price | 114826.000000000 |
| Next Low | 114148.580000000 |
| 2nd Low | 113579.690000000 |
| 3rd Low | 111920.000000000 |
115000.000000000 – 114260.310000000 – 114063.490000000 – 114148.580000000 – 113579.690000000 – 111920.000000000 — 54.295395515736 – 55.040656377011
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish SBS White Lines – – –