The combination Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance line at 68860 will continue.
Caution: A possible trend reversal in the direction of support at 67600 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Outside Up’ chart pattern is detected. The chart forms ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 70126.67 |
| 2nd High | 69988.83 |
| Next High | 68860 |
| Current Price | 68589.410000000 |
| Next Low | 67600 |
| 2nd Low | 62510.28 |
| 3rd Low | 60000 |
68860 – 69988.83 – 66310 – 67600 – 62510.28 – 62700.8 —
68571.370000000 – 68144.270000000 —
54.946562382107 – 47.070123848426 —
– —
68860 – 1772080200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –