BTC/USDT – 1H – BUY

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

A continuation of the upward movement up to the next resistance level at 117944.050000000 is expected.

Caution: A possible trend reversal in the direction of the support zone at 114259.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘RSI cross above 70’ indicator signal is existing. The indicator is ‘RSI cross above 70’. which could be a positive signal. The currency pair is likely to rise.

Additionally a ‘StochRSI cross above 20’ indicator signal is existing. The indicator is ‘StochRSI cross above 20’. which could be a positive signal. The currency pair is likely to rise.

Additionally a ‘Three Outside Up’ candle chart pattern is existing. The chart forms ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

117944.050000000 – 115716.000000000 – 115720.000000000 – 114259.000000000 – 112650.000000000 – 114121.000000000 — 66.599468823754 – 76.435071131042

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