BTC/USDT – 4H – BUY

There is also a ‘Double top retreat up’ chart formation is detected. The chart picture shows ‘Double top retreat up’. this is a bullish signal. 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 expected. Current target is 119448.372 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 120247.800000000 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Bullish Engulfing’ candle chart pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

120247.800000000 – 120998.710000000 – 123218.000000000 – 116128.000000000 – 116812.760000000 – 115736.920000000 — 37.261268937193 – 42.474288550002

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – Double top retreat up –