BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 99892.000000000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 97920.000000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Engulfing’ candle pattern is existing. The candles form ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 107000.000000000 |
| 2nd High | 99963.700000000 |
| Next High | 99892.000000000 |
| Current Price | 100737.030000000 |
| Next Low | 97920.000000000 |
| 2nd Low | 97276.790000000 |
| 3rd Low | 96650.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing