BTC/USDT – 1H – BUY

The currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards

The bullish trend upwards to the next resistance level at 69241.5 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 66621.06 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 69054.81462 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 69241.5 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. 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’ going up is 82%.

69241.5 – 70126.67 – 69482.97 – 66621.06 – 67294.11 – 68143.22 —
68235.390000000 – 67421.990000000 —
47.268041906957 – 42.788383757205 —
– —
69241.5 – 1771293600

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three White Soldiers – – –