BTC/USDT – 30M – BUY

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

A bullish trend upwards to the next resistance level at 111745.690000000 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 110766.660000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 111957.535 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 111745.690000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

111745.690000000 – 113293.290000000 – 112924.370000000 – 110766.660000000 – 111111.000000000 – 110621.780000000 — 47.641461590583 – 48.902803759389

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