BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance at 87970 will persist.
Caution: A possible change in the direction of the support line at 86306.770000000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.
Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 87772.888 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 87970 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Three Outside Up’ candlestick pattern is existing. The candles form ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 89228 |
| 2nd High | 88224 |
| Next High | 87970 |
| Current Price | 87640.650000000 |
| Next Low | 86306.770000000 |
| 2nd Low | 86116 |
| 3rd Low | 85272 |
87970 – 88224 – 88155.65 – 86306.770000000 – 86909.99 – 86116 — 56.174439199191 – 56.760691275921 — 87.385287385287 – 89.046389046389 – 78.240129944829 – 83.119483119483
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –