BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance level at 116980.000000000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 114366.000000000 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Three Outside Up’ candle chart pattern is existing. The candles show ‘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 success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117995.370000000 |
| Next High | 116980.000000000 |
| Current Price | 115747.440000000 |
| Next Low | 114366.000000000 |
| 2nd Low | 114259.000000000 |
| 3rd Low | 113579.900000000 |
116980.000000000 – 117995.370000000 – 118575.000000000 – 114366.000000000 – 114640.140000000 – 117321.530000000 — 52.779139921896 – 55.720572350095
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –