BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 118856.800000000 is expected.
Caution: A possible change in the direction of the support line at 116467.020000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
Additionally a ‘Bearish SBS White Lines’ candle chart pattern is existing. The candles form ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120820.710000000 |
| Next High | 118856.800000000 |
| Current Price | 118629.980000000 |
| Next Low | 116467.020000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
118856.800000000 – 118499.900000000 – 118371.420000000 – 116467.020000000 – 117723.230000000 – 117277.340000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bearish SBS White Lines –