Furthermore a ‘Double bottom chart pattern’ chart pattern is detected. The chart shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.
The pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance line at 93845.03 will persist.
Caution: A possible counter-trend in the direction of the support line at 90938.2 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘%K crosses above %D’ indicator signal is existing. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 92519.95 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 93845.03 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. 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 probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94789.08 |
| 2nd High | 94444.44 |
| Next High | 93845.03 |
| Current Price | 92550.780000000 |
| Next Low | 90938.2 |
| 2nd Low | 90128.44 |
| 3rd Low | 90113.87 |
92332 – 92519.95 – 91283.89 – 90938.2 – 90128.44 – 90236 — 62.113304819374 – 68.000256039581 — 73.917340972676 – 85.08987954633 – 75.162084736392 – 76.55481284169
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –