BTC/USDT – 1H – BUYFurthermore a ‘Double bottom chart pattern’ chart layout is detected. The chart picture forms ‘Double bottom chart pattern’. which is a bullish chart scenario. The pair is likely to go up.
The currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
An ascent upwards to the next resistance line at 119676.730000000 is considered certain.
Caution: A possible change in the direction of the support level at 116128.000000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Furthermore a ‘Three Outside Up’ candle pattern is detected. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 119676.730000000 |
| Current Price | 119733.690000000 |
| Next Low | 116128.000000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
119676.730000000 – 118856.800000000 – 118499.900000000 – 116128.000000000 – 116467.020000000 – 117277.340000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Up – Double bottom chart pattern