BTC/USDT – 30M – BUY

The currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.

A bullish trend upwards to the next resistance level at 60759.99 is expected.

Caution: A possible change in the direction of the support level at 60198.94 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bullish Engulfing’ candlestick pattern is found. The candles show ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.

60574 – 60583 – 60759.99 – 60198.94 – 58500.1 – 58337 —
60728.000000000 – 60655.610000000 —
61.742424205046 – 51.861279965982 —
– —
60574 – 1782545400

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – – –