BTC/USDT – 1H – BUY

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

An ascending movement upwards to the next resistance at 77904.93 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 74937.52 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The pair is likely to go up.

In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

In addition a ‘Bullish Belt Hold’ candle pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

76669.14 – 77904.93 – 79485.66 – 74937.52 – 75666.6 – 76459.64 —
76568.900000000 – 77453.740000000 —
55.967721268993 – 66.412086774638 —
– —
76669.14 – 1777555200

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –