Bitcoin Tetherusdt 1h long idea

BTCUSDT

Bitcoin is respecting the trend lines in red, channel shows clear support and resistances. higher lows and higher highs,(bullish) could easily break out of this channel with some good buying volume. Gartley visible, if longing, stop loss on the X and take some profit on A, cautiously optimistic. jt

Comment:

Block Time
(average time between blocks) 10m 45s
Blocks Count 785,699 (2023-04-16 21:21:33)
Block Size 719.191 KBytes
Blocks last 24h 132
Blocks avg. per hour (last 24h) 6
Reward Per Block 6.25+0.1275 BTC ( 193 ,415.02) next halving @ block 840000 (in 54301 blocks ~ 370 days)
Reward (last 24h) 825+16.84 BTC ( 25 ,530,783.06)
Fee in Reward
(Average Fee Percentage in Total Block Reward) 2.1%
Difficulty 47.888 T next retarget @ block 786240 (in 541 blocks ~ 3 days 18 hours)
Hashrate 342.693 Ehash/s -3.69% in 24 hours
Bitcoin Mining Profitability 0.0745 USD/Day for 1 THash/s
Top 100 Richest 2,878,696 BTC ( 87 ,303,631,189) 14.88% Total
Wealth Distribution
Top 10/100/1,000/10,000 addesses 5.93% / 14.88% / 33.19% / 55.87% Total
Addresses richer than
1/100/1,000/10,000 USD 38,740,340 / 16,476,962 / 7,196,184 / 2,100,838
Active Addresses last 24h
(Number of unique (from or to) addresses per day) 720,935
100 Largest Transactions last 24h: 126,509 BTC ( 3 ,836,705,157) 26.88% Total

Comment:

Descending Broadening Wedge widens as the two trend lines that have formed diverge from one another.
The descending broadening wedge is measured to be a reversal pattern and is bullish.