BTC/USDT – 1H – BUY

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

An ascent upwards to the next resistance level at 106000.000000000 will persist.

Caution: A possible reversal of the trend in the direction of support at 104179.000000000 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout 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.

Then a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

Then a ‘Two-Candle Shooting Star’ candlestick chart pattern is existing. The candles form ‘Two-Candle Shooting Star’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).

106000.000000000 – 106794.670000000 – 106500.000000000 – 104179.000000000 – 105132.270000000 – 104872.500000000

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