BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 119540.010000000 will continue.
Caution: A possible counter-trend in the direction of support at 117859.980000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘RSI fall below 70’ indicator layout is discovered. The indicator is ‘RSI fall below 70’. which could be a positive chart signal. The currency pair could go up.
Furthermore a ‘Three Outside Up’ candle chart pattern is discovered. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120820.710000000 |
| 2nd High | 120247.800000000 |
| Next High | 119540.010000000 |
| Current Price | 119265.760000000 |
| Next Low | 117859.980000000 |
| 2nd Low | 117825.500000000 |
| 3rd Low | 117304.460000000 |
119540.010000000 – 118438.830000000 – 118297.350000000 – 117859.980000000 – 117825.500000000 – 117304.460000000 — 60.760188646865 – 65.223936219418
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – –