BTC/USDT – 30M – BUY

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

A bullish movement upwards to the next resistance at 68410.52 is considered certain.

Caution: A possible change in the direction of the support line at 65118 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 67205.44 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 68410.52 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Up’ candlestick chart pattern is existing. The chart forms ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

68410.52 – 68369.77 – 68834.34 – 65118 – 66670.45 – 66787.7 —
66759.610000000 – 66308.700000000 —
54.868154507478 – 44.258836617391 —
– —
68410.52 – 1770904800

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – Head and Shoulder chart pattern – –