BTC/USDT – 30M – BUY

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

The bullish trend upwards to the next resistance level at 62642 is expected.

Caution: A possible trend reversal in the direction of the support line at 61544.56 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Furthermore a ‘Three Outside Up’ candle chart pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

62642 – 62351.97 – 64243.75 – 61544.56 – 62671.39 – 62800 —
62411.990000000 – 62624.610000000 —
41.070460459187 – 53.272974785726 —
– —
62642 – 1783558800

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