BTC/USDT – 4H – BUY

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

A bullish ascent upwards to the next resistance at 115720.000000000 is expected.

Caution: A possible counter-trend in the direction of the support level at 111920.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair could go up.

There is also a ‘StochRSI fall below 80’ indicator layout is found. The indicator is ‘StochRSI fall below 80’. this is usually a bullish signal. The currency pair could go up.

There is also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

There is also a ‘Two-Candle Shooting Star’ candlestick pattern is detected. The candles show ‘Two-Candle Shooting Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two-Candle Shooting Star’ heading down is 61% (Bull Market) & 58% (Bear Market).

115720.000000000 – 119800.000000000 – 120247.800000000 – 111920.000000000 – 114723.160000000 – 116128.000000000 — 56.480448494669 – 56.536573118925

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two-Candle Shooting Star – – –