BTC/USDT – 30M – BUYThe combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 116121.810000000 will continue.
Caution: A possible counter-trend in the direction of the support line at 115441.830000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
Moreover a ‘Above the Stomach’ candlestick pattern is discovered. The candles show ‘Above the Stomach’. which 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 ‘Above the Stomach’ heading up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117900.000000000 |
| Next High | 116121.810000000 |
| Current Price | 115683.540000000 |
| Next Low | 115441.830000000 |
| 2nd Low | 115408.470000000 |
| 3rd Low | 115100.000000000 |
116121.810000000 – 115985.200000000 – 115730.410000000 – 115441.830000000 – 115408.470000000 – 115100.000000000 — 42.287748110832 – 50.867046011759
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Above the Stomach – Double top retreat up – –