BTC/USDT – 30M – BUY

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

The bullish trend upwards to the next resistance level at 118297.350000000 will persist.

Caution: A possible counter-trend in the direction of the support level at 117304.460000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘RSI fall below 70’ indicator signal is found. The indicator shows ‘RSI fall below 70’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Outside Up’ candlestick pattern is existing. The chart shows ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

118297.350000000 – 118220.000000000 – 117750.000000000 – 117304.460000000 – 114908.000000000 – 114723.160000000 — 59.465502116913 – 64.85560731355

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