BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline up.
The bullish trend up to the next resistance level at 96043 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 84347.97 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Outside Up’ candle chart pattern is found. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96846.68 |
| 2nd High | 96635.11 |
| Next High | 96043 |
| Current Price | 90512.100000000 |
| Next Low | 84347.97 |
| 2nd Low | 83709.25 |
| 3rd Low | 83034.23 |
96043 – 96635.11 – 96471.22 – 93005.55 – 94841.62 – 95565.17 — 36.591970282528 – 41.211634981111 — 60.191715304799 – 74.568336575875 – 58.058392779939 – 62.722249243407
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –