BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 116665.630000000 will continue.
Caution: A possible change in the direction of the support level at 115576.260000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Two-Candle Shooting Star’ candlestick chart pattern is existing. The candles form ‘Two-Candle Shooting Star’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 116665.630000000 |
| Current Price | 116036.060000000 |
| Next Low | 115576.260000000 |
| 2nd Low | 114740.990000000 |
| 3rd Low | 113430.000000000 |
116665.630000000 – 116331.810000000 – 114715.020000000 – 115576.260000000 – 114740.990000000 – 113430.000000000 — 56.290688427243 – 56.312361122465
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two-Candle Shooting Star – – –