BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 115985.200000000 is expected.
Caution: A possible change in the direction of the support level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Bullish Belt Hold’ candle pattern is discovered. The chart shows ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. 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 | 117995.370000000 |
| 2nd High | 117900.000000000 |
| Next High | 115985.200000000 |
| Current Price | 116027.940000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
115985.200000000 – 115730.410000000 – 117900.000000000 – 115408.470000000 – 115100.000000000 – 116612.030000000 — 55.382473402375 – 58.552777991248
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –