BTC/USDT – 1H – BUYIn addition a ‘Double bottom chart pattern’ chart layout is found. The chart picture shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to rise.
The pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance at 112575.270000000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 109329.120000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Outside Up’ candle pattern is existing. The candles form ‘Three Outside Up’. which is a bullish signal. 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 | 115666.680000000 |
| 2nd High | 113485.900000000 |
| Next High | 112575.270000000 |
| Current Price | 113214.780000000 |
| Next Low | 109329.120000000 |
| 2nd Low | 108393.390000000 |
| 3rd Low | 107459.490000000 |
112575.270000000 – 111782.210000000 – 109912.400000000 – 109329.120000000 – 110528.710000000 – 108393.390000000 — 63.450401079846 – 69.79377215472
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Double bottom chart pattern – –