BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 118297.350000000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 117304.460000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
Additionally a ‘Three Outside Up’ candlestick chart pattern is found. The chart forms ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120247.800000000 |
| 2nd High | 119450.000000000 |
| Next High | 118297.350000000 |
| Current Price | 118134.750000000 |
| Next Low | 117304.460000000 |
| 2nd Low | 114908.000000000 |
| 3rd Low | 114723.160000000 |
118297.350000000 – 118220.000000000 – 117750.000000000 – 117304.460000000 – 114908.000000000 – 114723.160000000 — 52.572297873449 – 59.706723054962
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – –