Besides a ‘Double bottom chart pattern’ chart layout is detected. 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) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 119192.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of support at could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair is likely to rise.
Besides a ‘Three Outside Up’ candlestick pattern is found. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120063.840000000 |
| Next High | 119192.000000000 |
| Current Price | 119261.500000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
119192.000000000 – 120063.840000000 – 118195.000000000 – 117453.570000000 – 118181.140000000 – 117017.290000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Up – Double bottom chart pattern