BTC/USDT – 1H – BUY

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

A continuation of the uptrend up to the next resistance level at 93388 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 90863.47 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘RSI cross above 70’ indicator layout is found. The indicator is ‘RSI cross above 70’. which could be a positive signal. The currency pair could go up.

Then a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

93388 – 88088.1 – 89200 – 90863.47 – 87250 – 86806.5 — 69.060234793446 – 74.081052270465 — 55.862942859354 – 72.640787571723 – 37.983909287653 – 55.609930933265

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – – –