BTC/USDT – 30M – BUY

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

A continuation of the upward movement up to the next resistance at 106000.000000000 will continue.

Caution: A possible trend reversal in the direction of the support level at 104518.860000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 106234.91662 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 106000.000000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three White Soldiers’ chart pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

105319.130000000 – 105240.840000000 – 106000.000000000 – 104518.860000000 – 104407.160000000 – 104179.000000000

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