BTC/USDT – 4H – BUY

The currency pair Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.

A continuation of the uptrend upwards to the next resistance line at is considered certain.

Caution: A possible trend reversal in the direction of the support level at 112650.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 122335.16 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three White Soldiers’ candlestick pattern is discovered. The candles form ‘Three White Soldiers’. 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 ‘Three White Soldiers’ heading up is 82%.

122335.160000000 – 115720.000000000 – 119800.000000000 – 112650.000000000 – 111920.000000000 – 114723.160000000 — 72.679682996041 – 73.758992556041

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – Triple bottom chart pattern – –