BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
An ascending movement up to the next resistance at 96043 will continue.
Caution: A possible counter-trend in the direction of the support line at 89253.78 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair could go up.
Next a ‘Three Outside Up’ candlestick pattern is found. The candles show ‘Three Outside Up’. which is a positive 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 | 91785.820000000 |
| Next Low | 89253.78 |
| 2nd Low | 84347.97 |
| 3rd Low | 83709.25 |
96043 – 96635.11 – 96471.22 – 89253.78 – 93005.55 – 94841.62 — 52.261283732939 – 55.958519553703 — 85.032124352332 – 93.13298791019 – 86.477374784111 – 87.938744962579
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –