BTC/USDT – 30M – BUYThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 74672.34 is expected.
Caution: A possible change in the direction of the support line at 70500 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Bearish SBS White Lines’ candlestick chart pattern is existing. The candles form ‘Bearish SBS White Lines’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 76971.52 |
| 2nd High | 74893.94 |
| Next High | 74672.34 |
| Current Price | 71115.230000000 |
| Next Low | 70500 |
| 2nd Low | 70317 |
| 3rd Low | 69355.34 |
74672.34 – 74893.94 – 74451.03 – 70500 – 70857.21 – 73535.36 —
71451.220000000 – 71296.690000000 —
34.498722900954 – 33.511095675449 —
– —
74672.34 – 1773804600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish SBS White Lines – – –