BTC/USDT – 30M – BUYMoreover a ‘Double top retreat up’ chart layout is detected. The chart picture shows ‘Double top retreat up’. this is a bullish signal. The currency pair is likely to go up.
The pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 95639.45 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 95021.67 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish SBS White Lines’ candlestick pattern is existing. The chart forms ‘Bearish SBS White Lines’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95871.47 |
| 2nd High | 95809.08 |
| Next High | 95639.45 |
| Current Price | 95022.010000000 |
| Next Low | 95021.67 |
| 2nd Low | 94293.46 |
| 3rd Low | 91787.61 |
95639.45 – 95600 – 95809.08 – 95021.67 – 94293.46 – 95133.03 — 37.281974949121 – 37.731226094625 — 7.1931960740905 – 15.218434063907 – 6.3772585762003 – 7.7392573908487
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish SBS White Lines – Double top retreat up – –