BTC/USDT – 30M – BUY

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

A continuation of the upward movement up to the next resistance at 118708.240000000 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 117301.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Moreover a ‘Latter Bottom’ chart pattern is discovered. The candles show ‘Latter Bottom’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).

118708.240000000 – 120247.800000000 – 117950.000000000 – 117301.000000000 – 117550.000000000 – 116128.000000000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Latter Bottom – Triple top chart pattern –