BTC/USDT – 30M – BUY

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

A continuation of the uptrend up to the next resistance level at 116331.810000000 will persist.

Caution: A possible counter-trend in the direction of the support line at could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 116331.81 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 116331.810000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Up’ candle chart pattern is existing. The candles form ‘Three Outside Up’. this is a bullish signal. 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).

116331.810000000 – 114715.020000000 – 114459.650000000 – 113430.000000000 – 113155.030000000 – 110917.450000000 — 52.277161887097 – 53.702538526809

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