BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 71751.330000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 60000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Up’ candle pattern is existing. The chart shows ‘Three Outside Up’. which is a bullish pattern signal. The currency 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’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 76971.52 |
| 2nd High | 71978.58 |
| Next High | 71751.330000000 |
| Current Price | 70918.990000000 |
| Next Low | 60000 |
| 2nd Low | |
| 3rd Low |
71751.330000000 – 71500 – 66826.5 – 60000 – 70140 – 72945.5 —
71751.330000000 – 70553.930000000 —
61.639514991678 – 58.279637231445 —
71751.330000000 – 1770418800 —
– 1770418800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –