BTC/USDT – 1H – BUY

The combination Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.

A bullish ascent up to the next resistance line at 120247.800000000 is certain.

Caution: A possible trend reversal in the direction of the support level at 117301.000000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. 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 certain. Target of the current trend is 119275.5272 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 120247.800000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Up’ candlestick pattern is detected. The candles show ‘Three Outside Up’. this is a bullish pattern 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’ going up is 75% (Bull Market) & 74% (Bear Market).

120247.800000000 – 119676.730000000 – 118856.800000000 – 117301.000000000 – 116128.000000000 – 116467.020000000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – –