BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
A bullish ascent up to the next resistance at 70879.76 is certain.
Caution: A possible counter-trend in the direction of the support level at 70492.02 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart forms ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 71367 |
| 2nd High | 70923.75 |
| Next High | 70879.76 |
| Current Price | 70412.670000000 |
| Next Low | 70492.02 |
| 2nd Low | 69388 |
| 3rd Low | 68793.35 |
70879.76 – 70923.75 – 71367 – 70492.02 – 69388 – 68793.35 —
70791.850000000 – 70404.920000000 —
54.928706595424 – 41.507045841036 —
– —
70879.76 – 1774076400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –