BTC/USDT – 1H – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the bearish trendline up.
An ascending movement up to the next resistance level at 76558.62 is expected.
Caution: A possible counter-trend in the direction of support at 73724.31 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
Next a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79360 |
| 2nd High | 78333 |
| Next High | 76558.62 |
| Current Price | 76746.410000000 |
| Next Low | 73724.31 |
| 2nd Low | 73309.85 |
| 3rd Low | 70505.88 |
76558.62 – 76240.66 – 78333 – 73724.31 – 74867.72 – 73309.85 —
76263.400000000 – 76927.570000000 —
56.346935825691 – 64.283791765532 —
– —
76558.62 – 1776715200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Belt Hold – – –