BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance at 110999.830000000 is certain.
Caution: A possible counter-trend in the direction of the support line at 109977.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Engulfing’ candlestick pattern is detected. The candles show ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 111700.000000000 |
| 2nd High | 111307.700000000 |
| Next High | 110999.830000000 |
| Current Price | 110264.000000000 |
| Next Low | 109977.000000000 |
| 2nd Low | 109329.120000000 |
| 3rd Low | 108393.390000000 |
110999.830000000 – 111307.700000000 – 111700.000000000 – 109977.000000000 – 110206.960000000 – 109329.120000000 — 38.339465123557 – 44.069609776187
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – Double bottom chart pattern – –