BTC/USDT – 1H – BUY

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

A bullish movement upwards to the next resistance level at 78662.5 is likely expected.

Caution: A possible trend reversal in the direction of support at 74821.57 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

78662.5 – 79472.82 – 76927.57 – 74821.57 – 73724.31 – 74867.72 —
78509.820000000 – 78298.010000000 —
52.103428907374 – 55.442535220428 —
– —
78662.5 – 1776956400

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Northern Doji – – –