BTC/USDT – 30M – BUY

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

A continuation of the upward movement up to the next resistance line at 108528.500000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 107189.860000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 108015.96936 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 108528.500000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Shooting Star’ candle chart pattern is discovered. The candles form ‘Shooting Star’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

108528.500000000 – 107500.000000000 – 107577.750000000 – 107189.860000000 – 107154.620000000 – 107084.150000000

Trading Signals: FOREX – BTC – BTC/USDT – USDT – Shooting Star – Double bottom chart pattern