The pair Bitcoin/Tether (BTC/USDT) breaks through the descending trendline up.
An ascending movement up to the next resistance level at 77885.35 is certain.
Caution: A possible counter-trend in the direction of the support level at 77264.08 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 77770.965 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 77885.35 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 78581.93 |
| 2nd High | 78479.37 |
| Next High | 77885.35 |
| Current Price | 77397.270000000 |
| Next Low | 77264.08 |
| 2nd Low | 76960 |
| 3rd Low | 74821.57 |
77885.35 – 77711.87 – 78479.37 – 77450 – 77264.08 – 77402.01 —
77717.950000000 – 77722.700000000 —
49.005222911651 – 37.330733860325 —
– —
77885.35 – 1777113000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Northern Doji – – –