BTC/USDT – 1H – BUY

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

An ascending movement up to the next resistance at 112371.000000000 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 109393.930000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The pair is likely to go up.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Moreover a ‘Three White Soldiers’ chart pattern is found. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

112371.000000000 – 112937.260000000 – 115666.680000000 – 109393.930000000 – 108666.660000000 – 110680.000000000 — 61.256245030877 – 63.411491899459

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –