BTC/USDT – 1H – BUY

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

The bullish trend upwards to the next resistance at 65600 is considered certain.

Caution: A possible trend reversal in the direction of support at 61824.97 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 64792.14358 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 65600 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three White Soldiers’ candle chart pattern is found. The candles show ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

65600 – 64425 – 64290.11 – 63838.28 – 61824.97 – 63640.83 —
63069.060000000 – 63706.750000000 —
34.461832973183 – 51.680541058237 —
– —
65600 – 1784127600

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