BTC/USDT – 30M – BUY

The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance line at 117944.050000000 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 114259.000000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘RSI cross above 70’ indicator signal is found. The indicator is ‘RSI cross above 70’. which could be a positive signal. The pair is likely to go up.

Besides a ‘StochRSI fall below 80’ indicator signal is found. The indicator is ‘StochRSI fall below 80’. which could be a positive signal. The pair is likely to go up.

Besides a ‘Hammer’ candle pattern is found. The candles show ‘Hammer’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).

117944.050000000 – 115716.000000000 – 114417.020000000 – 114259.000000000 – 113579.900000000 – 113355.130000000 — 59.449076246791 – 60.103781398796

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Hammer – Double bottom chart pattern – –