BTC/USDT – 30M – BUYNext a ‘Double top retreat up’ chart formation is discovered. The chart forms ‘Double top retreat up’. which is a bullish chart scenario. The currency pair is likely to go up.
The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline upwards
A bullish movement upwards to the next resistance line at 116757.990000000 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 114825.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Engulfing’ candle chart pattern is existing. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 116757.990000000 |
| Current Price | 114842.900000000 |
| Next Low | 114825.000000000 |
| 2nd Low | 114740.990000000 |
| 3rd Low | 113430.000000000 |
116757.990000000 – 116087.350000000 – 116165.190000000 – 114825.000000000 – 115141.800000000 – 115449.590000000 — 41.016961316635 – 44.421108613329
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – Double top retreat up – –