BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 91940.18 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 90438.43 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92541.92 |
| 2nd High | 91950 |
| Next High | 91940.18 |
| Current Price | 91791.990000000 |
| Next Low | 90438.43 |
| 2nd Low | 86306.77 |
| 3rd Low | 86116 |
91940.18 – 91950 – 87970 – 90438.43 – 86306.77 – 86909.99 — 58.553284893728 – 65.005661624692 — 82.464391992236 – 94.587299625005 – 73.976983397526 – 84.85509038212
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –