Moreover 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 bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 116019.300000000 is certain.
Caution: A possible change in the direction of the support level at 114148.580000000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.
Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Moreover a ‘Three Outside Up’ candlestick pattern is existing. The chart shows ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118922.450000000 |
| 2nd High | 118879.140000000 |
| Next High | 116019.300000000 |
| Current Price | 115419.000000000 |
| Next Low | 114148.580000000 |
| 2nd Low | 113579.690000000 |
| 3rd Low | 111920.000000000 |
115000.000000000 – 114260.310000000 – 114063.490000000 – 114148.580000000 – 113579.690000000 – 111920.000000000 — 60.95473710594 – 68.234374267907
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Double bottom chart pattern – –