BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at is expected.
Caution: A possible trend reversal in the direction of the support line at 106117.670000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Shooting Star’ candle 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’ heading down is 59% (Bull Market) & 60% (Bear Market).
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 109994.370000000 |
| Next Low | 106117.670000000 |
| 2nd Low | 106100.010000000 |
| 3rd Low | 104184.720000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star