BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 118438.830000000 is certain.
Caution: A possible change in the direction of support at 117859.980000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The candles form ‘Bearish SBS White Lines’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120247.800000000 |
| 2nd High | 119450.000000000 |
| Next High | 118438.830000000 |
| Current Price | 118991.470000000 |
| Next Low | 117859.980000000 |
| 2nd Low | 117825.500000000 |
| 3rd Low | 117304.460000000 |
118438.830000000 – 118297.350000000 – 118220.000000000 – 117859.980000000 – 117825.500000000 – 117304.460000000 — 61.544167071865 – 62.31468055897
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish SBS White Lines – –