BTC/USDT – 4H – BUYAlso there is a ‘Double bottom chart pattern’ chart layout is discovered. The chart shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The pair is likely to go up.
The pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 116665.630000000 will continue.
Caution: A possible trend reversal in the direction of the support zone at 114384.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Outside Up’ candlestick chart pattern is found. The candles show ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. 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 | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 116665.630000000 |
| Current Price | 116950.470000000 |
| Next Low | 114384.000000000 |
| 2nd Low | 109977.000000000 |
| 3rd Low | 109329.120000000 |
116665.630000000 – 113384.620000000 – 113485.900000000 – 114384.000000000 – 109977.000000000 – 109329.120000000 — 56.223363807566 – 59.683795121336
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Double bottom chart pattern – –