BTC/USDT – 30M – BUY

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

An ascending movement upwards to the next resistance line at 95639.45 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 94876.33 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The pair is likely to go up.

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

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 95499.05964 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 95639.45 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Two-Candle Shooting Star’ candle chart pattern is existing. The chart shows ‘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).

95639.45 – 95600 – 95809.08 – 94876.33 – 95021.67 – 94293.46 — 49.906916190752 – 50.855547158662 — 34.069620147586 – 43.080975345225 – 38.178654134083 – 35.794588873381

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