BTC/USDT – 1H – BUY

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

The bullish trend upwards to the next resistance level at 116757.990000000 will continue.

Caution: A possible trend reversal in the direction of the support level at 114384.000000000 should be noted.
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. Current target is 116757.99 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 116757.990000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

116757.990000000 – 116165.190000000 – 116665.630000000 – 114384.000000000 – 115127.270000000 – 114740.990000000 — 61.494956805878 – 66.559270437702

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Double bottom chart pattern – –