BTC/USDT – 4H – BUY

The currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline up.

A continuation of the uptrend up to the next resistance at 120247.800000000 will continue.

Caution: A possible change in the direction of support at 114723.160000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘RSI fall below 70’ indicator layout is found. The indicator is ‘RSI fall below 70’. this is usually a bearish chart signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 121400.10424 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 120247.800000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Shooting Star’ candle chart pattern is existing. The chart forms ‘Shooting Star’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

120247.800000000 – 120998.710000000 – 123218.000000000 – 114723.160000000 – 116128.000000000 – 116812.760000000 — 61.04686697149 – 61.169885465905

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – Double bottom chart pattern –