The combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline up.
A bullish trend upwards to the next resistance at 68410.52 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 65118.000000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 67205.44 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 68410.52 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three White Soldiers’ chart pattern is existing. The chart shows ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 69292.88 |
| 2nd High | 68834.34 |
| Next High | 68410.52 |
| Current Price | 66404.210000000 |
| Next Low | 65118.000000000 |
| 2nd Low | |
| 3rd Low |
68410.52 – 68369.77 – 68834.34 – 65118.000000000 – 66670.45 – 66787.7 —
65700.000000000 – 65959.820000000 —
34.44711370988 – 43.002646920749 —
65118.000000000 – 1770921000 —
68410.52 – 1770904800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –