BTC/USDT – 1H – BUY

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

The bullish trend up to the next resistance line at 119450.000000000 is certain.

Caution: A possible change in the direction of the support zone at 114723.160000000 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The pair is likely to 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 currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 119065.52704 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 119450.000000000 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Two-Candle Shooting Star’ candle chart pattern is detected. The chart shows ‘Two-Candle Shooting Star’. which is a bearish chart scenario. The currency pair is likely to go down. 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).

119450.000000000 – 119273.360000000 – 120247.800000000 – 114723.160000000 – 117103.100000000 – 117301.000000000 — 55.604690682336 – 55.7845359694

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