BTC/USDT – 4H – BUY

The currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline upwards

A continuation of the upward movement up to the next resistance at 69988.83 will persist.

Caution: A possible trend reversal in the direction of the support zone at 62510.28 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 69645.32826 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 69988.83 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three White Soldiers’ candle pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

69988.83 – 68698.7 – 70126.67 – 62510.28 – 65631.83 – 65118 —
68149.930000000 – 65360.510000000 —
45.687458662072 – 42.32467367274 —
– —
69988.83 – 1772049600

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