The pair Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 67516 will continue.
Caution: A possible counter-trend in the direction of support at 63678.83 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘StochRSI %K crosses above 0.2’ indicator signal is found. The indicator is ‘StochRSI %K crosses above 0.2’. which is often a bullish chart scenario. The currency pair is likely to rise.
Furthermore a ‘Three Line Strike – Bullish’ candlestick pattern is existing. The chart forms ‘Three Line Strike – Bullish’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74198 |
| 2nd High | 67923.24 |
| Next High | 67516 |
| Current Price | 65715.530000000 |
| Next Low | 63678.83 |
| 2nd Low | 63418.66 |
| 3rd Low | 63400 |
64664 – 64762.77 – 64350 – 63678.83 – 64214 – 63418.66 —
65858.010000000 – 65779.500000000 —
66.152075013987 – 56.229255719295 —
– —
64664 – 1781433000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Line Strike – Bullish – – –