BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 79424 will persist.
Caution: A possible trend reversal in the direction of the support level at 75719.9 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Engulfing’ candle pattern is discovered. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The 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 | 84737.69 |
| 2nd High | 84621.16 |
| Next High | 79424 |
| Current Price | 78343.000000000 |
| Next Low | 75719.9 |
| 2nd Low | 74620 |
| 3rd Low | 74508 |
79424 – 84621.16 – 84737.69 – 75719.9 – 82560.75 – 81871.37 —
79008.360000000 – 78786.000000000 —
40.834969303154 – 36.158475710338 —
– —
79424.00000 – 1769904000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – – –