Buy BTC/USDT – 30M – BUY

The pair Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.

A continuation of the bullish trend up to the next resistance line at is expected.

Caution: A possible reversal of the trend in the direction of the support line at 104184.720000000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 107320 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Shooting Star’ candlestick pattern is found. The candles form ‘Shooting Star’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Support & Resistance Price Range*
3rd High
2nd High
Next High
Current Price 107542.000000000
Next Low 104184.720000000
2nd Low 102126.160000000
3rd Low 102000.000000000

Download BTC/USDT Signal Image

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