BTC/USDT – 4H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance at 118575.000000000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 112650.000000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Shooting Star’ chart pattern is detected. The chart shows ‘Shooting Star’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 124474.000000000 |
| Next High | 118575.000000000 |
| Current Price | 113694.700000000 |
| Next Low | 112650.000000000 |
| 2nd Low | 111920.000000000 |
| 3rd Low | 107245.000000000 |
118575.000000000 – 124474.000000000 – 122335.160000000 – 116803.990000000 – 112650.000000000 – 111920.000000000 — 35.488676953626 – 35.749136028975
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – – –