BTC/USDT – 4H – BUY

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

An ascent up to the next resistance line at 70096 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 63030 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 70126.67 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 70096 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Up’ candlestick chart pattern is existing. The candles form ‘Three Outside Up’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

70096 – 69988.83 – 68698.7 – 63030 – 62510.28 – 65631.83 —
69539.770000000 – 68909.340000000 —
60.946548867978 – 52.597966176297 —
– —
70096 – 1772467200

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Up – – –