BTC/USDT – 1H – BUY

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

A continuation of the bullish trend up to the next resistance level at 119273.360000000 will continue.

Caution: A possible change in the direction of the support level at 116950.750000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘RSI cross above 30’ indicator layout is discovered. The indicator is ‘RSI cross above 30’. this is usually a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

In addition a ‘Bullish Belt Hold’ chart pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

119273.360000000 – 119800.000000000 – 119450.000000000 – 116950.750000000 – 117427.500000000 – 114723.160000000 — 43.399172250103 – 59.855867418984

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – Double top retreat up –