BTC/USDT – 1H – BUY

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

A bullish movement up to the next resistance line at 119273.360000000 will continue.

Caution: A possible counter-trend in the direction of the support level at 117301.000000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The pair is likely to go up.

There is also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 119275.5272 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 119273.360000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Shooting Star’ candlestick pattern is existing. The chart shows ‘Shooting Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

119273.360000000 – 120247.800000000 – 119676.730000000 – 117301.000000000 – 116128.000000000 – 116467.020000000 — 56.674305393455 – 57.000840539673

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – –