BTC/USDT – 1H – BUY

The currency pair Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.

An ascent up to the next resistance at 119800.000000000 is likely expected.

Caution: A possible change in the direction of the support line at could happen.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.

Then a ‘Two-Candle Shooting Star’ candlestick chart pattern is discovered. The chart forms ‘Two-Candle Shooting Star’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two-Candle Shooting Star’ heading down is 61% (Bull Market) & 58% (Bear Market).

119800.000000000 – 119450.000000000 – 119273.360000000 – 114723.160000000 – 117103.100000000 – 117301.000000000 — 49.019135684219 – 49.389976980248

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two-Candle Shooting Star – Rising Wedge Chart Pattern –