BTC/USDT – 1H – BUYThere is also a ‘Double bottom chart pattern’ chart formation is detected. The chart 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 descending trendline upwards
A bullish trend upwards to the next resistance line at 112575.270000000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 109329.120000000 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘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 – –