BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance level at 88250 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 78969.58 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Outside Up’ candle pattern is found. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93160 |
| 2nd High | 92541.92 |
| Next High | 88250 |
| Current Price | 83429.910000000 |
| Next Low | 78969.58 |
| 2nd Low | 78464.36 |
| 3rd Low | 75756.86 |
88250 – 92541.92 – 93160 – 86100 – 88608 – 90025.06 — 42.013793384343 – 43.029516133782 — 53.244005219613 – 72.432739982118 – 46.618970466517 – 54.877960447515
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –