BTC/USDT – 30M – BUY

The currency pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline up.

A continuation of the uptrend upwards to the next resistance at 119310.750000000 is expected.

Caution: A possible change in the direction of the support zone at 117017.290000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Moreover a ‘Bullish Engulfing’ candle chart pattern is detected. The chart forms ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

119310.750000000 – 118195.000000000 – 118490.710000000 – 117017.290000000 – 115736.920000000 – 116250.000000000

Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bullish Engulfing – Double bottom chart pattern