BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 88224 is likely expected.
Caution: A possible change in the direction of the support line at 86909.99 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘%K crosses above %D’ indicator layout is discovered. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The currency pair is likely to rise.
Moreover a ‘Bearish SBS White Lines’ chart pattern is detected. The candles show ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92541.92 |
| 2nd High | 89228 |
| Next High | 88224 |
| Current Price | 86955.170000000 |
| Next Low | 86909.99 |
| 2nd Low | 86116 |
| 3rd Low | 85272 |
88224 – 88155.65 – 87792.2 – 86909.99 – 86116 – 86666 — 39.373986746599 – 41.367493684094 — 1.6142050040355 – 6.5947000269034 – 10.803094402156 – 5.4985678956241
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish SBS White Lines – Rising Wedge Chart Pattern – –