The currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 64762.77 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 62829.81 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair could go up.
Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
Also there is a ‘Three Outside Up’ chart pattern is discovered. The candles show ‘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 success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74275.66 |
| 2nd High | 74198 |
| Next High | 64762.77 |
| Current Price | 64456.330000000 |
| Next Low | 62829.81 |
| 2nd Low | 62348 |
| 3rd Low | 60755 |
64762.77 – 64394.44 – 63933.02 – 62829.81 – 62348 – 60755 —
64596.990000000 – 64487.800000000 —
64.982518977695 – 54.222575166531 —
– —
64762.77 – 1781384400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –