BTC/USDT – 30M – BUYThe 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
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star