Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 75300 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 76971.52 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Outside Up’ candle pattern is found. The chart forms ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84621.16 |
| 2nd High | 79360 |
| Next High | 76971.52 |
| Current Price | 68194.890000000 |
| Next Low | 60000 |
| 2nd Low | |
| 3rd Low |
76971.52 – 79360 – 84621.16 – 60000 – 72945.5 – 77644.09 —
66826.500000000 – 66631.320000000 —
46.205016805107 – 49.373560197456 —
– —
76971.52 – 1770174000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –