BTC/USDT – 4H – BUY

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

The bullish trend upwards to the next resistance level at 69988.83 is expected.

Caution: A possible reversal of the trend in the direction of support at could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘Advance Block’ candlestick pattern is discovered. The chart shows ‘Advance Block’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).

69988.83 – 68698.7 – 70126.67 – 62510.28 – 65631.83 – 65118 —
66344.900000000 – 66666.650000000 —
45.503297980696 – 51.515756678154 —
– —
69988.83 – 1772049600

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Advance Block – – –