BTC/USDT – 1H – BUY

The combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline upwards

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

Caution: A possible change in the direction of the support level at 115736.920000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘Three Outside Up’ candlestick pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

120063.840000000 – 118490.710000000 – 123218.000000000 – 115736.920000000 – 116900.050000000 – 116604.870000000

Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Up – Double bottom chart pattern