BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 110999.830000000 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 109977.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bullish Belt Hold’ candle chart pattern is found. The chart shows ‘Bullish Belt Hold’. this is a bullish pattern signal. The pair is likely to go up. 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 | 111700.000000000 |
| 2nd High | 111307.700000000 |
| Next High | 110999.830000000 |
| Current Price | 110666.240000000 |
| Next Low | 109977.000000000 |
| 2nd Low | 109329.120000000 |
| 3rd Low | 108393.390000000 |
110999.830000000 – 111307.700000000 – 111700.000000000 – 109977.000000000 – 110206.960000000 – 109329.120000000 — 56.086086478832 – 61.915857383819
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –