BTC/USDT – 1H – BUY

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

An ascent up to the next resistance level at 115720.000000000 will continue.

Caution: A possible counter-trend in the direction of the support line at 111920.000000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI cross above 20’ indicator layout is existing. The indicator is ‘StochRSI cross above 20’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 115421.225 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 115720.000000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish Harami Cross’ candle pattern is found. The chart forms ‘Bearish Harami Cross’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).

115720.000000000 – 115000.000000000 – 118922.450000000 – 114121.000000000 – 111920.000000000 – 112722.580000000 — 43.441725911062 – 43.504117617621

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Harami Cross – – –