BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 123218.000000000 is expected.
Caution: A possible counter-trend in the direction of the support level at 119202.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish SBS White Lines’ candle chart pattern is found. The candles form ‘Bearish SBS White Lines’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 123218.000000000 |
| Current Price | 119880.750000000 |
| Next Low | 119202.000000000 |
| 2nd Low | 118243.680000000 |
| 3rd Low | 117000.010000000 |
123218.000000000 – 119488.000000000 – 119376.000000000 – 119202.000000000 – 118243.680000000 – 117000.010000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bearish SBS White Lines –