BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 69005.71 is certain.
Caution: A possible counter-trend in the direction of the support line at 67360.66 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bullish Belt Hold’ candle chart pattern is existing. The chart shows ‘Bullish Belt Hold’. this is a bullish chart scenario. 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 | 71100.94 |
| Next High | 69005.71 |
| Current Price | 68333.160000000 |
| Next Low | 67360.66 |
| 2nd Low | 65618.49 |
| 3rd Low | 65259.21 |
69005.71 – 71100.94 – 70879.76 – 67360.66 – 68110.55 – 68228.5 —
68585.120000000 – 68572.360000000 —
47.703087855749 – 42.135062915159 —
– —
69005.71 – 1774191600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –