The currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 71613.79 is expected.
Caution: A possible trend reversal in the direction of the support zone at 69478.51 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.
Additionally a ‘Three Inside Up’ candle chart pattern is discovered. The chart shows ‘Three Inside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Up’ going up is 65% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74893.94 |
| 2nd High | 74672.34 |
| Next High | 71613.79 |
| Current Price | 69905.650000000 |
| Next Low | 69478.51 |
| 2nd Low | 69355.34 |
| 3rd Low | 69205.91 |
71613.79 – 74672.34 – 74893.94 – 69478.51 – 70500 – 70857.21 —
70460.000000000 – 69759.440000000 —
39.156874362368 – 29.252633579275 —
– —
71613.79 – 1773889200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Inside Up – – –