BTC/USDT – 30M – BUY

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

The bullish trend up to the next resistance level at 118922.450000000 is expected.

Caution: A possible trend reversal in the direction of the support level at 115796.230000000 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 119273.36 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 118922.450000000 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Up’ candle pattern is found. The chart shows ‘Three Outside Up’. which is a bullish 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).

118922.450000000 – 118792.000000000 – 118481.810000000 – 115796.230000000 – 117358.840000000 – 116950.750000000 — 56.245899544104 – 58.443474514964

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Double bottom retreat down –