BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 117995.370000000 will continue.
Caution: A possible change in the direction of the support level at is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.
Also there is a ‘Bullish Belt Hold’ candle pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119216.820000000 |
| 2nd High | 118575.000000000 |
| Next High | 117995.370000000 |
| Current Price | 116649.090000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
117995.370000000 – 118575.000000000 – 117825.000000000 – 114640.140000000 – 117321.530000000 – 117172.210000000 — 57.605447044528 – 61.309830908788
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –