BTC/USDT – 1H – BUY

The currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline upwards

A bullish ascent upwards to the next resistance level at 118922.450000000 will continue.

Caution: A possible counter-trend in the direction of the support line at 112722.580000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 114392.85112 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 118922.450000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

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

118922.450000000 – 118792.000000000 – 119273.360000000 – 112722.580000000 – 115796.230000000 – 116950.750000000 — 39.68493528756 – 40.853339992615

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Double top retreat up –