BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 106794.670000000 is certain.
Caution: A possible trend reversal in the direction of the support level at 104964.140000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Shooting Star’ candle chart pattern is existing. The candles form ‘Shooting Star’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 109130.440000000 |
| 2nd High | 108484.610000000 |
| Next High | 106794.670000000 |
| Current Price | 106331.920000000 |
| Next Low | 104964.140000000 |
| 2nd Low | 104518.860000000 |
| 3rd Low | 104407.160000000 |
105900.000000000 – 105319.130000000 – 105240.840000000 – 104964.140000000 – 105394.030000000 – 104518.860000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Shooting Star