BTC/USDT – 30M – BUY

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

A bullish movement up to the next resistance at 68216.8 is expected.

Caution: A possible change in the direction of the support line at 65113.72 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.

Besides a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Current target is 66156.99354 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 68216.8 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Up’ candle pattern is existing. The candles show ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

68216.8 – 68722.64 – 68860 – 65113.72 – 66885 – 66500 —
65679.880000000 – 65615.300000000 —
33.111700144079 – 38.266821855603 —
– —
68216.8 – 1772164800

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –