BTC/USDT – 1H – BUY

The combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline upwards

A continuation of the uptrend up to the next resistance at 116665.630000000 will continue.

Caution: A possible counter-trend in the direction of the support zone at 115127.270000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 116665.63 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 116665.630000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Up’ candle pattern is detected. The candles form ‘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 probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

116665.630000000 – 116331.810000000 – 114313.130000000 – 115127.270000000 – 114740.990000000 – 113430.000000000 — 43.470136441447 – 45.803298765027

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