BTC/USDT – 1H – BUYThe currency pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance at 93160 will continue.
Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The pair is likely to go up.
Then a ‘Shooting Star’ candle pattern is detected. The chart shows ‘Shooting Star’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96043 |
| 2nd High | 93836.01 |
| Next High | 93160 |
| Current Price | 88004.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
93160 – 92384.61 – 93836.01 – 80600 – 88608 – 90025.06 — 65.816651884532 – 65.903566443173 — 100 – 100 – 89.63130292342 – 97.468922971241
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – – –