BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline up.
The bullish trend upwards to the next resistance line at 110392.010000000 will continue.
Caution: A possible trend reversal in the direction of support at 105318.370000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The candles show ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110530.170000000 |
| 2nd High | 110400.000000000 |
| Next High | 110392.010000000 |
| Current Price | 107723.070000000 |
| Next Low | 105318.370000000 |
| 2nd Low | 104964.140000000 |
| 3rd Low | 104518.860000000 |
110392.010000000 – 110400.000000000 – 109900.810000000 – 107320.000000000 – 109008.820000000 – 108331.030000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bullish Belt Hold