BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline up.
A bullish ascent upwards to the next resistance level at 84737.69 is considered certain.
Caution: A possible change in the direction of support at 83383.33 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The candles form ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 90600 |
| 2nd High | 88500 |
| Next High | 84737.69 |
| Current Price | 83259.540000000 |
| Next Low | 83383.33 |
| 2nd Low | 80600 |
| 3rd Low | 78969.58 |
84737.69 – 88500 – 90600 – 83383.33 – 87704 – 88904.61 —
84519.920000000 – 83332.200000000 —
32.981422022283 – 38.645504976571 —
– —
84737.69000 – 1769729400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –