BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 111307.700000000 is certain.
Caution: A possible trend reversal in the direction of the support zone at 110206.960000000 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Shooting Star’ candlestick chart pattern is found. The chart shows ‘Shooting Star’. 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 chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113384.620000000 |
| 2nd High | 111700.000000000 |
| Next High | 111307.700000000 |
| Current Price | 110787.750000000 |
| Next Low | 110206.960000000 |
| 2nd Low | 109329.120000000 |
| 3rd Low | 108393.390000000 |
111307.700000000 – 111700.000000000 – 113384.620000000 – 110206.960000000 – 109329.120000000 – 110279.680000000 — 47.591067776818 – 47.818385327091
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – – –