BTC/USDT – 1H – BUY

The pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance level at 120063.840000000 will continue.

Caution: A possible change in the direction of the support zone at 115736.920000000 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Bullish Belt Hold’ candlestick pattern is discovered. The chart shows ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

120063.840000000 – 118490.710000000 – 123218.000000000 – 115736.920000000 – 116900.050000000 – 116604.870000000

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