The combination Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 71734.81 will continue.
Caution: A possible trend reversal in the direction of the support line at 67360.66 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The pair is likely to go up.
There is also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.
There is also a ‘Three Outside Up’ chart pattern is discovered. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 76971.52 |
| 2nd High | 74893.94 |
| Next High | 71734.81 |
| Current Price | 71291.700000000 |
| Next Low | 67360.66 |
| 2nd Low | 65618.49 |
| 3rd Low | 65259.21 |
71734.81 – 71100.94 – 70923.75 – 67360.66 – 68228.5 – 69388 —
70896.760000000 – 70374.380000000 —
59.691404361091 – 52.249373356238 —
– —
71734.81 – 1774275300
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –