BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance line at 117898.990000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 116803.990000000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Three Outside Up’ candle pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124474.000000000 |
| 2nd High | 119216.820000000 |
| Next High | 117898.990000000 |
| Current Price | 117596.070000000 |
| Next Low | 116803.990000000 |
| 2nd Low | 116359.890000000 |
| 3rd Low | 114259.000000000 |
117898.990000000 – 119216.820000000 – 124474.000000000 – 116803.990000000 – 117180.000000000 – 118920.920000000 — 48.237021008723 – 50.136944522803
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –