BTC/USDT – 1H – BUY

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

A continuation of the uptrend upwards to the next resistance line at 119273.360000000 is likely expected.

Caution: A possible change in the direction of support at 116359.890000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘RSI cross above 70’ indicator signal is found. The indicator shows ‘RSI cross above 70’. which is often a bullish signal. The currency pair could go up.

There is also a ‘StochRSI cross above 20’ indicator signal is found. The indicator shows ‘StochRSI cross above 20’. which is often a bullish signal. The currency pair could go up.

There is also a ‘Three Outside Up’ chart pattern is existing. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

117944.050000000 – 115716.000000000 – 115720.000000000 – 116359.890000000 – 114259.000000000 – 112650.000000000 — 73.127851529633 – 82.456021014756

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Double bottom chart pattern – –