BTC/USDT – 30M – BUYIn addition a ‘Double bottom chart pattern’ chart pattern is discovered. The chart picture shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to rise.
The pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance line at 88250 is likely expected.
Caution: A possible change in the direction of the support zone at 85420 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 89723.62688 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 88250 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93160 |
| 2nd High | 92541.92 |
| Next High | 88250 |
| Current Price | 87087.440000000 |
| Next Low | 85420 |
| 2nd Low | 80600 |
| 3rd Low | 78969.58 |
86860 – 85572.82 – 88250 – 85420 – 80600 – 86100 — 59.828094074383 – 64.577035902712 — 45.725008798332 – 51.910408432148 – 62.304819616244 – 53.96034858318
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Double bottom chart pattern – –