BTC/USDT – 1H – BUYBesides a ‘Double bottom chart pattern’ chart pattern is detected. The chart forms ‘Double bottom chart pattern’. this is a bullish pattern signal. The pair is likely to go up.
The combination Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
An ascending movement up to the next resistance line at 119676.730000000 is certain.
Caution: A possible reversal of the trend in the direction of support at 116128.000000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Besides a ‘Three Outside Up’ candle chart pattern is existing. The chart forms ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading 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