BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance at 103982.640000000 is considered certain.
Caution: A possible change in the direction of the support line at 102963.670000000 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 108952.380000000 |
| 2nd High | 106524.650000000 |
| Next High | 103982.640000000 |
| Current Price | 103634.400000000 |
| Next Low | 102963.670000000 |
| 2nd Low | 102345.000000000 |
| 3rd Low | 102126.160000000 |
103982.640000000 – 106524.650000000 – 104898.310000000 – 102963.670000000 – 102345.000000000 – 104238.020000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Up