BTC/USDT – 1H – BUY

The combination Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline upwards

A bullish trend up to the next resistance level at 115875.840000000 is likely expected.

Caution: A possible change in the direction of the support level at 112566.010000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 115570.505 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 115875.840000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Up’ candle pattern is found. The candles show ‘Three Outside Up’. which 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 ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

115875.840000000 – 116980.000000000 – 118575.000000000 – 112566.010000000 – 114640.140000000 – 117172.210000000 — 54.779776911335 – 55.630461939746

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Triple bottom chart pattern – –