BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 116009.620000000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 114930.000000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bullish Engulfing’ candle chart pattern is found. The chart forms ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117429.050000000 |
| 2nd High | 116757.990000000 |
| Next High | 116009.620000000 |
| Current Price | 116068.060000000 |
| Next Low | 114930.000000000 |
| 2nd Low | 114384.000000000 |
| 3rd Low | 113430.000000000 |
116009.620000000 – 115605.070000000 – 116757.990000000 – 114930.000000000 – 114384.000000000 – 114825.000000000 — 59.634053510402 – 63.084384727704
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – Double bottom retreat down – –