The currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 75030.39 will continue.
Caution: A possible reversal of the trend in the direction of support at 73580.85 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
And also a ‘Bullish Engulfing’ candle pattern is found. The chart shows ‘Bullish Engulfing’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 76038 |
| 2nd High | 75425 |
| Next High | 75030.39 |
| Current Price | 75342.990000000 |
| Next Low | 73580.85 |
| 2nd Low | 73514 |
| 3rd Low | 70566.99 |
75030.39 – 75425 – 74506.84 – 73580.85 – 73514 – 73795.47 —
74444.730000000 – 75089.000000000 —
43.951150790334 – 58.851730391931 —
– —
75030.39 – 1776346200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – – –