BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance at 95639.45 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 94910 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. which could be a positive signal. The pair is likely to go up.
Moreover a ‘Three Outside Up’ candlestick pattern is detected. The chart shows ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95871.47 |
| 2nd High | 95809.08 |
| Next High | 95639.45 |
| Current Price | 95465.970000000 |
| Next Low | 94910 |
| 2nd Low | 94876.33 |
| 3rd Low | 94293.46 |
95639.45 – 95600 – 95809.08 – 94910 – 94876.33 – 95021.67 — 59.092584836755 – 60.575950098753 — 60.904368767307 – 69.668754551422 – 67.61972777723 – 65.690831369524
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –