BTC/USDT – 30M – BUYMoreover a ‘Double bottom chart pattern’ chart pattern is existing. The chart picture shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.
The pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance line at 118792.000000000 is certain.
Caution: A possible trend reversal in the direction of the support line at 115796.230000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
Moreover a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119800.000000000 |
| 2nd High | 119273.360000000 |
| Next High | 118792.000000000 |
| Current Price | 118833.710000000 |
| Next Low | 115796.230000000 |
| 2nd Low | 114908.000000000 |
| 3rd Low | 114723.160000000 |
118792.000000000 – 118481.810000000 – 119273.360000000 – 115796.230000000 – 117358.840000000 – 116950.750000000 — 63.968710887068 – 66.218646367895
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern –