BTC/USDT – 1H – BUY

The currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards

An ascending movement up to the next resistance level at 120247.800000000 is considered certain.

Caution: A possible counter-trend in the direction of the support line at 117301.000000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair could go up.

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 119275.5272 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 120247.800000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

120247.800000000 – 119676.730000000 – 118856.800000000 – 117301.000000000 – 116128.000000000 – 116467.020000000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Triple top chart pattern –