Then a ‘Double bottom chart pattern’ chart formation is discovered. The chart picture shows ‘Double bottom chart pattern’. which is a positive pattern signal. The pair is likely to go up.
The currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 110529.180000000 will continue.
Caution: A possible counter-trend in the direction of the support zone at should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.
Then a ‘Rising Window’ candlestick chart pattern is existing. The candles show ‘Rising Window’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Rising Window’ heading up is 75% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110718.000000000 |
| 2nd High | 110530.170000000 |
| Next High | 110529.180000000 |
| Current Price | 116672.570000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
110529.180000000 – 108272.450000000 – 106524.650000000 – 107245.000000000 – 106733.330000000 – 106356.760000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Rising Window – Double bottom chart pattern