BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance at 68216.8 will continue.
Caution: A possible trend reversal in the direction of the support zone at 62510.28 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish SBS White Lines’ chart pattern is existing. The candles show ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 68860 |
| 2nd High | 68722.64 |
| Next High | 68216.8 |
| Current Price | 65392.180000000 |
| Next Low | 62510.28 |
| 2nd Low | 60000 |
| 3rd Low |
68216.8 – 68722.64 – 68860 – 66885 – 66500 – 67792 —
66237.680000000 – 65679.880000000 —
36.920298474474 – 33.111699826056 —
– —
68216.8 – 1772164800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish SBS White Lines – Rising Wedge Chart Pattern – –